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Japan confirms joint FX intervention with US, says won't hesitate for more

Japan confirms joint FX intervention with US, says won't hesitate for more
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Japan confirms joint FX intervention with US, says won't hesitate for more TOKYO, Aug 3 : Japan's Finance Ministry said it conducted coordinated yen-buying intervention with the United States on Friday to address recent "excessive volatility and disorderly movements" in the yen, adding it would not hesitate to take further action. In a statement issued on Monday, Finance Minister Satsuki Katayama said the ministry "remains attentive and in close communication with counterparts at the U.S....

Japan confirms joint FX intervention with US, says won't hesitate for more TOKYO, Aug 3 : Japan's Finance Ministry said it conducted coordinated yen-buying intervention with the United States on Friday to address recent "excessive volatility and disorderly movements" in the yen, adding it would not hesitate to take further action. In a statement issued on Monday, Finance Minister Satsuki Katayama said the ministry "remains attentive and in close communication with counterparts at the U.S. Treasury".
Japan (LOCATION) FX (ORG) US (LOCATION) TOKYO (LOCATION) Finance Ministry (ORG) the United States (LOCATION) Finance (ORG) Satsuki Katayama (PERSON) the U.S. Treasury (ORG)
Originally published by Channel News Asia Read original →