Japan Warns Against Excessive Yen Selling as Finance Minister Sounds Alarm
2024-12-24
Reuters
Japan's Finance Minister Katsunobu Kato has issued a stern warning against excessive yen selling, emphasizing Tokyo's growing discomfort with volatile foreign exchange moves. With the yen facing significant pressure, Kato put speculators on notice that authorities are prepared to intervene and stabilize the currency. As the yen's value continues to fluctuate, Japan's government is taking a proactive stance to mitigate potential economic risks, including currency manipulation and exchange rate instability. Key measures may include market intervention and monetary policy adjustments. The Japanese government is closely monitoring the situation, ready to act swiftly to protect its economy.
