Japan fin min with some verbal intervention to try to support the yen
Read full post at forexlive.com
Japanese finance minister Katayama:
- Won’t comment on forex levels
- Important for currencies to move in stable manner reflecting fundamentals
- Recently seeing one-sided, very rapid moves
- Will take appropriate action based on U.S-Japan forex agreement
- FX intervention is an option as it is mentioned in Japan-US agreement in September
- Will issue govt debt to fund part of stimulus package as needed
This article was written by Eamonn Sheridan at investinglive.com.
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