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Japan ready for further forex intervention: finance chief

Japan ready to intervene in the foreign exchange market in the event of a depreciation in the yen. (AFP)
Japan ready to intervene in the foreign exchange market in the event of a depreciation in the yen. (AFP)
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26 Sep 2022 03:09:08 GMT9
26 Sep 2022 03:09:08 GMT9

Tokyo: Japan is ready to intervene again in the foreign exchange market in the event of a rapid depreciation of the yen, Finance Minister Shunichi Suzuki indicated Monday.

“We’re strongly concerned about speculative moves,” Suzuki told a press conference.

“There’s been no change to our policy of taking action if necessary.”

On Thursday, the Japanese government and the Bank of Japan carried out the first yen-buying intervention in about 24 years, bringing down the dollar from around 145 yen to around 140 yen.

On Monday, the dollar was rebounding to around 144 yen.

JIJI Press

 

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