Japanese officials quiet on forex as yen sharply rebounds

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RIO DE JANEIRO: Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on foreign exchange on Wednesday, as the yen surged to its highest level against the dollar in more than two months.

Kanda said foreign exchange was not on the G7 agenda on Wednesday.

Asked about the yen's recent sharp rise, Suzuki said he would refrain from making any comment, noting that "could give unforeseen effects on the market".

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Category: EconomyBusiness

Markets: MalaysiaChinaJapanUkraine

Topics: Bank of Japan /Business/Business News Yen Forex Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 10:21:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 21767708

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