Japan issued its strongest warning yet to foreign exchange markets over sharp recent movements in the yen, with the nation’s finance minister specifically mentioning intervention as an option as she tries to push back against continued falls in the currency.
“The government will take appropriate action against disorderly FX moves, including those driven by speculation as needed, in line with the approach set out in the Japan-US joint statement issued in September,” Finance Minister Satsuki Katayama told reporters on Friday. “Since the Japan-US finance ministers’ paper in September clearly included FX intervention, that’s naturally something we can consider.”
Japan Says FX Intervention an Option if Excessive Yen Moves
