TOKYO : Japan's Ministry of Finance warned on Thursday of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen's drop to a one-month-low.
"MOF is currently requesting that X suspends the impersonation account. Thank you for your cooperation" it said, in its official account . Kanda, Japan's vice-minister of finance for international affairs, has been the central figure in the country's efforts to stem the sharp decline of its yen currency since last year, supervising record yen-buying, dollar-selling operations late last year.
The BOJ surprised markets with a tweak to its bond yield control programme last week, allowing interest rates to rise more freely.
Source: News Formal (newsformal.com)
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