Japan's government 'alarmed' by recent forex moves, top officials say

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TOKYO : Top Japanese finance officials said on Friday the government is "alarmed" by recent foreign exchange moves and is ready to intervene if speculative moves were deemed excessive, as the yen resumed its rapid downturn.

Against the Japanese yen, the dollar rose to a top of 157.

Kato said he and BOJ Governor Kazuo Ueda joined the call.

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Article Details

Category: EconomyBusiness

Markets: SingaporeItalyJapanUkraine

Topics: Japan Finance Government Friday Moves Currency Interest Alarmed Japanese Kato July

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 12:48:57 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24565880

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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