www.bloomberg.com
Japan’s finance minister signaled that an agreement with the United States justifies intervention to curb excessive currency volatility. The statement escalates her warnings against the yen’s persistent weakness, suggesting Tokyo may act unilaterally or coordinated with US officials. As the currency hovers near multi-decade lows against the dollar, the minister emphasized that sudden, disorderly moves threaten economic stability. This diplomatic backing potentially clears the path for her ministry to step into markets and buy yen, aiming to restore order without triggering friction with Washington, the main counterparty in the foreign-exchange market.
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