Reported 8 months ago
As the Japanese yen falls towards the 160 level, nearing the year's low, the Japanese government issues a rare severe warning. The Vice Minister of Finance, Manabu Kanda, stated that the government is prepared to intervene in the forex market 24 hours if necessary to prevent negative impacts on the economy. Amidst concerns raised by the US, Japan has taken transparent actions to stabilize the yen's value, hinting at potential tightening policies at the upcoming July monetary policy meeting.
Source: YAHOO