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SEOUL (Reuters) -- South Korea and Japan expressed serious concerns about the recent depreciation of their currencies and stood ready to take action against excessive exchange-rate volatility, South Korea's Finance Ministry said in a statement released on Wednesday.
TOKYO (Reuters) -- Japanese Finance Minister Shunichi Suzuki on Thursday said authorities would not rule out any steps to deal with excessive exchange-rate swings.
Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines.
Japanese Finance Minister Shunichi Suzuki said on Friday there were "speculative" moves behind recent yen declines, suggesting authorities remained on stand-by to intervene in the market to address any excessive falls in the currency.
TOKYO – Central bank rate moves rarely get metaphysical. But the way global markets ignored the Bank of Japan’s first tightening step in 17 years has traders asking: If a rate hike falls in a forest and no one is around to hear it, does it make a sound?
Japan is "very, very close" to intervening in the yen, Steven Englander, head of Global G10 FX research and North America macro strategy at Standard Chartered Bank, told CNBC as the currency languishes at multi-decade lows.
The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency.
TOKYO (Kyodo) -- Japan's House of Representatives on Saturday approved a 112.57 trillion yen ($750 billion) draft budget for the next fiscal year starting in April to boost the nation's defense capabilities, help households cope with inflation and assist recovery efforts in areas hit by an earthquake on New Year's Day.