Jinshi data, June 24 news, Japanese Deputy Minister of Finance Kanda Masato said that if necessary, the Japanese authorities are ready to intervene in the currency market 24 hours a day. Kanda Masato said that the US decision to include Japan on its currency watchlist has no impact on Japan's currency strategy. Kanda said, 'Excessive fluctuations in the exchange rate will have a negative impact on the national economy.' When Kanda said this, the USD/JPY exchange rate was not far from the 160 level, close to the 34-year low of 160.17 set on April 29. The Japanese authorities conducted record interventions at the end of April and early May to support the yen. Kanda said that the Ministry of Finance does not have a specific level in mind for exchange rate actions.
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Japon Maliye Bakanlığı yetkilisi: Döviz piyasasına her zaman müdahale etmeye hazır olun
Jinshi data, June 24 news, Japanese Deputy Minister of Finance Kanda Masato said that if necessary, the Japanese authorities are ready to intervene in the currency market 24 hours a day. Kanda Masato said that the US decision to include Japan on its currency watchlist has no impact on Japan's currency strategy. Kanda said, 'Excessive fluctuations in the exchange rate will have a negative impact on the national economy.' When Kanda said this, the USD/JPY exchange rate was not far from the 160 level, close to the 34-year low of 160.17 set on April 29. The Japanese authorities conducted record interventions at the end of April and early May to support the yen. Kanda said that the Ministry of Finance does not have a specific level in mind for exchange rate actions.