Japan stands ready to take "decisive" steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki said on Monday, in a fresh warning against investors selling off the Japanese currency, APA reports citing Reuters.
"It's important for currencies to move stably, as sharp and one-sided moves are undesirable," Suzuki said in a post-cabinet meeting news conference, referring to the yen's recent sharp declines.
"We intervened the other day and we have said we would take decisive steps as needed. There's no doubt this has guarded against speculative moves," he said.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on Facebook
Follow us on Twitter
