Japan's Finance Minister Katsunobu Kato said on Friday that he recently saw one-sided and sharp foreign exchange (FX) moves.
Japan 's Finance Minister Katsunobu Kato said on Friday that he recently sawone-sided and sharp foreign exchange moves. Kato further stated that the official will take suitable measures against excessive foreign exchange movements. Key quotes Decline to comment on the possibility of meeting the government’s target of achieving a primary budget surplus by the next fiscal year. Recently sawone-sided, sharp FX moves. Important for currencies to move in a stable manner reflecting fundamentals.
The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks.
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