Japanese Finance Minister Shunichi Suzuki speaks during an event about expanding health coverage for all during the IMF and World Bank’s 2024 annual Spring Meetings in Washington, on Apr 18, 2024. TOKYO: Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday , signalling readiness to intervene in the exchange-rate market after the yen's slide to a fresh 38-year low against the dollar.
Chief Cabinet Secretary Yoshimasa Hayashi also told a news conference on Thursday that Tokyo will take"appropriate" action against excessive currency moves. He declined to comment on yen levels and whether authorities would intervene. The yen's fast-pitch decline below the key 160-to-the-dollar level is heightening market alarm over the chance of imminent yen-buying intervention.
Source: News Formal (newsformal.com)
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