Japan's top FX diplomat escalates warnings against weaker yen

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TOKYO :Japan's top currency diplomat Atsushi Mimura flagged on Thursday readiness to act against the weaker yen, in the government's strongest warning against speculators in recent months as the yen plunged to fresh three-month lows.

"We are ready to take appropriate actions against excess moves," he said.

Mimura stepped up verbal warnings last month, when the yen fell close to the psychologically key 150 per dollar level.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Japan Atsushi Speculators Tokyo Diplomat July 2024 Mimura Finance Dollar Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 08:15:10 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 311 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23454737

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