Japan to respond appropriately to excess FX moves, finance minister says

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TOKYO : Japanese authorities would take appropriate steps against excess moves in the foreign exchange market, Finance Minister Katsunobu Kato said on Friday, amid expectations that a Donald Trump U.S.presidency could boost the dollar and drive the yen down lower".

The yen was hovering close to the 153 per dollar level on Friday morning.

"We will closely monitor currency moves, including those driven by speculators, with utmost sense of urgency and will take appropriate actions against excess moves," he said.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Tokyo Kato Katsunobu Japanese Conference Currency 2024 Minister Moves Finance Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 11:34:37 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23467667

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