STRESA, Italy –
Japan stands able to take applicable motion available in the market “any time” to counter extreme strikes within the yen, its high foreign money diplomat Masato Kanda stated on Friday, issuing a recent warning on the prospect of renewed exchange-rate intervention.
Kanda additionally stated he was in frequent and shut contact with abroad counterparts, notably within the US, on points together with monetary markets.
“Beneath a versatile exchange-rate regime, we cannot must intervene if foreign money strikes are secure. But when there are excessively risky strikes which have an antagonistic impact on the economic system, we have to take motion, and doing so can be justified,” Kanda instructed reporters.
