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JAPAN’S TOP FX DIPLOMAT KANDA PREPARES TO TAKE NECESSARY STEPS ON RAPID YEN FALL

hagijeee
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Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, warned that he prepared to take necessary actions whenever possible to respond to the excessive weakness of the Japanese Yen (JPY).

Key quotes

“Recent yen moves are rapid.”

“Won't rule out any steps to respond to disorderly FX moves.”

“Prepared to take necessary actions whenever possible.”

“Won't comment whether overnight forex moves are excessive.”

“Excess FX moves could affect the economy.”


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