Friday, October 7, 2022

Japan PM Kishida says ready to act again to support yen


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NEW YORK : Japanese Prime Minister Fumio Kishida said on Thursday that excessive movement in the yen due to speculation cannot be overlooked and that his government would act “with a high level of vigilance” and intervene to support the currency again if necessary.

“Should there be any excessive volatility we will take action,” he said in a speech at the New York Stock Exchange hours after Japan bought yen to prop up the currency for the first time since 1998.

(Except for the headline, this story has not been edited by PostX News staff and is published from a syndicated feed.)


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