Japan Deputy Minister of Finance: closely watch the movements of FX market

4 Jan 2019 10:58 AM

Japan's Deputy Finance Minister Asakawa said they closely watch the movements of FX market and whether speculation is behind forex moves. More comments came as follows:

  • The volatility in the currency market in Sydney has increased.
  • Market movements in the past few days have been characterized by low liquidity.
  • Ready to take all necessary measures in FX market if necessary.
  • Concerned about exchange rate fluctuations.
  • The G7 and G20 have agreed to participate in the currency market if necessary.
  • The violent movements of the currency market are not desirable for the stability of the economy.
  • Reducing price differentials between Japan and the US is the reason for the yen's strength.

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