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Japan PM Kishida says ready to act again to support yen

Channel News Asia LogoChannel News Asia1w ago

Japan PM Kishida says ready to act again to support yen - Channel News Asia

Quick Summary:

NEW YORK: Japanese Prime Minister Fumio Kishida said on Thursday that excessive movement in the yen due to speculation cannot be overlooked and that his government would act "with a high level of vigilance" and intervene to support the currency again if necessary.

"Should there be any excessive volatility we will take action," he said in a speech at the New York Stock Exchange hours after Japan bought yen to prop up the currency for the first time since 1998.Pressed for time?

Japanese Prime Minister Fumio Kishida speaks during a news conference at the New York Stock Exchange (NYSE) on the sidelines of the 77th Session of the United Nations General Assembly in New York, U.S., September 22, 2022.


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Article Details

Category: Economy

Topics: 2022 Minister York Prime Mediacorp Kishida Fumio Stock News Japanese Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 04:04:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 203 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 478517

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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