Japan's finance minister says yen intervention may be necessary when there are 'excessive' moves
Publishing timestamp: 2024-05-03 11:54:44
Summary
Japanese Finance Minister declined to comment on yen levels and possible currency interventions, but backed interventions if yen moves sharply. The weak yen against the dollar can hurt the economy by raising import costs. Japan has maintained an ultra-loose monetary policy while other global central banks have tightened theirs.
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Keywords: business news, breaking news: markets, markets, dxy us dollar currency index, currency markets, usd/jpy,