-- Japan is ready to intervene in the currency market at any time should the yen weaken beyond its current range, given the extent of heightened warnings from key officials, according to the nation’s former currency chief.Trump Got His $175 Million Bond From a Billionaire Fan’s Company“The government can step in as soon as the yen falls beyond the current range,” former vice finance minister for international affairs Tatsuo Yamasaki said in an interview Tuesday.
Yamasaki, who has himself overseen currency interventions in the past, said the current tension surrounding possible intervention is similar to September 2022. At that time Japan’s government conducted its first market intervention in 24 years to support the yen. Yamasaki finished his tenure as vice minister in 2015.
Still, if the yen is nudged quickly in a weaker direction, the finance ministry won’t just stand by, he said. Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, according to a court filing. Trump secured the bond through Knight Specialty Insurance Company, which is owned by the privately-held Hankey Group, whose chairman told ABC News that he considers himself a Donald Trump supporter.
Source: News Formal (newsformal.com)
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