Ready to act against excessive FX volatility By Reuters
© Reuters. Japanese Prime Minister Fumio Kishida speaks at a joint news conference with Uruguay’s President Luis Lacalle Pou at the Prime Minister’s Office in Tokyo, Japan October 28, 2022. REUTERS/Kim Kyung-Hoon/Pool
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market.
“No one benefits from speculative, sharp volatility in the currency market,” Kishida told a briefing, on the yen’s recent sharp declines.
On monetary policy, Kishida said the Bank of Japan must make decisions taking into account not just currency moves but economic and price developments as well as the impact of the interest rate burden on the public.
Read More: Ready to act against excessive FX volatility By Reuters