Japan PM Kishida: will respond decisively to excess forex moves
- Economy
- Reuters
- Published Date: 06:03 | 22 September 2022
- Modified Date: 06:13 | 22 September 2022
Japan will respond decisively to excessive fluctuations in the currency markets, Prime Minister Fumio Kishida told reporters in New York on Thursday.
Japan intervened in the foreign exchange market earlier to buy yen for the first time since 1998, in an attempt to shore up the battered currency after the Bank of Japan stuck with its ultra-low interest rates.
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