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Japan says 'all options' on table to counter excessive yen moves 6park.comTOKYO 6park.comJapan on Thursday ramped up its verbal warnings against the yen's rapid fall versus the U.S. dollar, saying "all options" are on the table to prevent exchange rate volatility from dealing a blow to the economy. 6park.comAfter the yen plunged past 153 to a 34-year low against the dollar, Finance Minister Shunichi Suzuki said currency moves should be stable reflecting economic fundamentals, adding that the government is closely watching yen moves and factors behind them "with a high sense of urgency." 6park.com"We are not just looking at whether the yen passed 152 or 153, but also the background to it," Suzuki told reporters. "We will take appropriate action against excessive volatility without ruling out all options." 6park.comSuzuki said he shares information "frequently" with Masato Kanda, Japan's top currency diplomat, over developments in the foreign exchange market. 6park.comhttps://japantoday.com/category/business/update2-japan-warns-all-options-on-table-to-counter-excessive-yen-moves 6park.com | |||
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