TOKYO : Japan will not rule out any options in responding to currency market moves that become excessive, Finance Minister Shunichi Suzuki said on Thursday, firing off a fresh warning and adding that one-sided, unstable yen moves were undesirable.The comments come amid market speculation that authorities
TOKYO : Japan will not rule out any options in responding to currency market moves that become excessive, Finance Minister Shunichi Suzuki said on Thursday, firing off a fresh warning and adding that one-sided, unstable yen moves were undesirable.
"We are watching the currency moves even more closely," Suzuki told reporters, while declining to comment on currency levels. In Japan, dollar-selling, yen-buying intervention is rare as the record shows its currency officials focused mostly on curbing the yen's strength against the dollar, which threatened to damage the all-important export sector.
Japanese officials stopped short of declaring"decisive steps" or expressing"deep concern" about yen moves, however, which suggested that action might not be imminent.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan, S Korea to discuss FX swap deal in first finance talks for 7 yearsTOKYO : Japan and South Korea will hold their first bilateral finance dialogue in seven years on Thursday, with both looking to mend strained ties as they face common geo-strategic risks from an increasingly assertive China and an unpredictable North Korea.Japanese Finance Minister Shunichi Suzuki and his
Read more »
Japan, South Korea to discuss FX swop deal in first finance talks since 2016They are set to revive a bilateral currency swop arrangement to symbolise improved relations. Read more at straitstimes.com.
Read more »
South Korea, Japan agree on US$10 billion FX swap facilitySEOUL: South Korea and Japan agreed to establish a bilateral foreign exchange swap line of US$10 billion, the South Korean finance ministry said on Thursday (Jun 29). The agreement was made at a meeting between South Korean Finance Minister Choo Kyung-ho and his Japanese counterpart Shunichi Suzuki in Toky
Read more »
Malaysia's Felda to issue sukuk, revolving credit under debt restructuring planKUALA LUMPUR : The Malaysian government has agreed to restructure the debts of state palm oil plantation agency Felda through the issuance of sukuk and revolving credit, the Finance Ministry said on Wednesday. Prime Minister Anwar Ibrahim, who is also finance minister, has signed an agreement involving a
Read more »
Japan likely to extend fuel subsidy to ease pain of consumers - sourcesTOKYO : Japan is leaning towards extending support measures for gas and electricity bills set to expire at the end of September, three government and ruling party sources with knowledge of the matter told Reuters on Tuesday, aiming to underpin a fragile economy.The world's most heavily indebted government
Read more »
Japan to take appropriate steps if weak yen turns excessive -FX tsarTOKYO : Japan's top currency diplomat Masato Kanda warned against the yen's ongoing weakness on Wednesday, saying the authorities would take an appropriate response if moves become excessive.'We are closely watching currency moves with a strong sense of urgency,' Kanda told reporters. 'We will respond app
Read more »