Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Monday.
Suzuki said that the speculative moves are seen behind the recent weak Japanese Yen and he will not rule out any steps to respond to disorderly foreign exchange moves. Key quotes “Won't comment on Forex levels.” “Important for currencies to move in a stable manner, reflecting fundamentals.” “Rapid FX moves are undesirable.” “Speculative moves seen behind recent weak yen.” “Won't rule out any steps to respond to disorderly FX moves.
The bank’s policy is based on Quantitative and Qualitative Easing , or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds.
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