Japan Warns Against Excessive Yen Selling, Prepares to Intervene
2024-12-24
Reuters on MSN.com
Japan's Finance Minister Katsunobu Kato has issued a stern warning against excessive yen selling, putting speculators on notice that authorities are ready to take action to stabilize the currency. With the yen's value faltering, Tokyo is preparing to intervene in the foreign exchange market to prevent further decline. The move aims to mitigate the impact of currency fluctuations on the Japanese economy, which is heavily reliant on exports. By stabilizing the yen, Japan hopes to boost its economic growth and maintain stability in the global financial market, using strategies such as currency intervention and monetary policy, to promote economic recovery and stability.
