NLI Research Institute
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Japan warns of 'decisive action' to defend yen as FX reserves tumble
Japan warns of 'decisive action' to defend yen as FX reserves tumble TOKYO, June 5 : Japan is ready to respond at any time on foreign exchange and reserves the right to take "decisive action" against excessive volatility, Finance Minister Satsuki Katayama said on Friday as the yen teetered near the key 160-per-dollar threshold. The remarks came as investors scrutinised official signals for any hint that Japan could be preparing another strike to rescue the faltering yen. Data released on...