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IMF cites Japanese yen’s volatility, says monitoring situation

The International Monetary Fund noted the currency's recent volatility and said it was monitoring the situation carefully. (AFP)
The International Monetary Fund noted the currency's recent volatility and said it was monitoring the situation carefully. (AFP)
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23 Sep 2022 10:09:17 GMT9
23 Sep 2022 10:09:17 GMT9

Asked about the Bank of Japan’s intervention to boost the yen, the International Monetary Fund noted the currency’s recent volatility and said it was monitoring the situation carefully.

“The yen has been very volatile in recent weeks, given monetary policy tightening in the U.S. and other countries. We are monitoring the situation carefully,” Ranil Salgado, the fund’s mission chief for Japan said in a written statement.

Reuters

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