Reported about 9 hours ago
Japan's Finance Minister Katsunobu Kato stated that the government is prepared to intervene in the foreign exchange market due to excessive volatility, particularly as the yen fluctuates ahead of a crucial monetary policy meeting. Kato expressed concerns about movements influenced by speculators and highlighted the importance of monitoring discussions regarding a potential interest rate hike by the Bank of Japan, which aims for a sustainable 2% inflation target.
Source: YAHOO