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Japan ‘most certainly’ will intervene in FX market if needed -top FX diplomat – One America News Network


TOKYO (Reuters) – Japan has not intervened in the currency market yet but will “most certainly” do so when necessary, the country’s top currency diplomat, Masato Kanda, said on Thursday.

“Markets are making very volatile moves,” Kanda, vice finance minister for international affairs, told reporters. “We cannot tolerate excess volatility and disorderly currency moves,” he said when asked about the yen’s recent slide to fresh 24-year lows.

(Reporting by Kaori Kaneko and Takaya Yamaguchi, writing by Leika Kihara; Editing by Chang-Ran Kim)

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