Japan ready to act again on forex if necessary – PM Kishida By Reuters
Economy 13 minutes ago (Sep 22, 2022 06:07PM ET)
(C) Reuters. FILE PHOTO: Japanese Prime Minister Fumio Kishida speaks during a news conference at the prime minister’s official residence in Tokyo, Japan, August 10, 2022. Rodrigo Reyes Marin/Pool via REUTERS/File Photo
TOKYO (Reuters) -Japan will keep a close eye on currency market moves and act decisively against excessive fluctuations, Prime Minister Fumio Kishida said on Thursday, suggesting the government could act again after buying yen for the first time since 1998.
Japan intervened in the foreign exchange market earlier to buy yen in an attempt to shore up the battered currency after the Bank of Japan stuck to its ultra-low interest rates, further pressuring the currency against the dollar.
“The government will continue watching market moves closely with a high sense of urgency, and take necessary steps decisively in response to excessive fluctuations,” Kishida told a news conference in New York.
Kishida, visiting the United States to attend the U.N. General Assembly, said Japan will ease its border controls from Oct. 11, eliminating the cap on the number of entrants into Japan and allowing visa-free travel, including by individuals.
The prime minister also said he would issue instructions to his ministers on Sept. 30 about compiling a fresh stimulus package.
“Upon compiling it in October, we will swiftly move to execution,” he said.
Japan ready to act again on forex if necessary – PM Kishida
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s board is expected to approve a new “food shock window” in the next few weeks that will allow the global…
LONDON (Reuters) – Britain’s new finance minister Kwasi Kwarteng unveiled a slew of measures on Thursday including the reversal of an increase in payroll tax in an effort to boost…
By Richa Naidu PARIS (Reuters) -France’s biggest retailer Carrefour (EPA:CARR) has increased its offer in the third round of wage talks with unions, suggesting a 2.5% pay hike…
(C) 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.