TOKYO : Japan's top financial diplomat Masato Kanda said on Tuesday that authorities were in close contact with U.S. Treasury Secretary Janet Yellen and other overseas authorities almost everyday on currencies and broader financial markets.Kanda was speaking to reporters as market players brace for possib
TOKYO : Japan's top financial diplomat Masato Kanda said on Tuesday that authorities were in close contact with U.S. Treasury Secretary Janet Yellen and other overseas authorities almost everyday on currencies and broader financial markets.
Kanda was speaking to reporters as market players brace for possible Japanese intervention in the foreign exchange market to stem yen weakness. "We are exchanging views with and communicating with authorities in other countries including our ally the United States not only on currencies, financial markets but various other issues," Kanda told reporters.
The yen fell to near eight-month lows against the dollar last week prompting Finance Minister Shunichi Suzuki to warn against excessive yen selling after it weakened past the 145 to the dollar threshold. Some market players see 150 yen as a new threshold. Japan bought yen in September, its first foray in the market to boost its currency since 1998, after a Bank of Japan decision to maintain ultra-loose policy drove the yen as low as 145 per dollar.The United States last month removed Japan from its currency monitoring list in its twice-yearly currency report. Some market players say the move may make it easier for Tokyo to intervene in the market.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fire injures four in Tokyo buildingTOKYO: Four people were injured in a blast and a blaze in a central Tokyo building, the city's fire department said, with footage showing flames and smoke emerging from a second-floor business. The fire started in a building in a restaurant area of the bustling Shimbashi district at about 3.20
Read more »
Fire injures 4 in Tokyo buildingTOKYO — Four people were injured in a blast and a blaze in a central Tokyo building, the city's fire department said, with footage showing flames and smoke emerging from a second-floor business.
Read more »
Japan factory activity slips back into contraction in June on soft ordersTOKYO : Japan's factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for cyclical goods amid a global economic slowdown.The final au Jibun Bank Japan manufacturing purchasing managers' index was at 49.8, r
Read more »
Japan business sentiment improves in Q2 - BOJ tankanTOKYO : Japanese business sentiment improved in the second quarter as easing supply constraints and the removal of pandemic curbs lifted factory output and consumption, a central bank survey showed, a sign the economy was on course for a steady recovery.Companies expect to increase capital expenditure and
Read more »
China women's team pips Japan to claim Asia Cup titleBEIJING : China's women's basketball team claimed their first FIBA Asia Cup title since 2011 after beating defending champions Japan 73-71 in a close final in Sydney, Australia on Sunday.World number two China, runners-up at last year's world cup, were one of the pre-tournament favourites with the ninth-r
Read more »