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New Alert: Japan Signals Its Preparedness to Intervene in Stabilizing Yen Amid Drop

Channel News Asia LogoChannel News Asia1 mo ago

 New Alert: Japan Signals Its Preparedness to Intervene in Stabilizing Yen Amid Drop - Channel News Asia

Quick Summary:

STRESA, Italy :Japan stands ready to take appropriate action in the market "any time" to counter excessive moves in the yen, its top currency diplomat Masato Kanda said on Friday, issuing a fresh warning on the chance of renewed exchange-rate intervention.

While the suspected intervention has kept the yen from falling below the psychologically important 160-to-the-dollar line, the Japanese currency has yet to stage a clear rebound.It stood at 156.98 to the dollar on Friday, not far from the more than three-week low of 157.19 touched on Thursday.

FILE PHOTO: Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022.


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 New Alert: Japan Signals Its Preparedness to Intervene in Stabilizing Yen Amid Drop - Channel News Asia (Picture 1) New Alert: Japan Signals Its Preparedness to Intervene in Stabilizing Yen Amid Drop - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-25 @ 00:10:14 (1 months ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21076815

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 52 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 40 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/japan-issues-fresh-warning-on-17165806676104

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