Japan’s Kihara: Ready to respond 'appropriately' to Yen moves
Japanese Chief Cabinet Secretary Minoru Kihara told a regular press conference on Thursday, “we are ready to respond appropriately to currency moves as needed at any time,” when asked about the rapid decline in the Japanese Yen (JPY).
"We need to scrutinize such effects comprehensively," he said, adding “the government will closely watch market developments.”
Additional quotes
No comment on FX levels.
Watching FX moves closely.
Weak Yen helps improve corporate profits while increasing burden on households.
Market reaction
USD/JPY is off the intraday highs at 160.75, trading near 160.60 as of writing, modestly flat on the day.
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