JAPAN’S SLUMPING CURRENCY INTENSIFIES DEBATE OVER INTERVENTION
https://media.zenfs.com/en/bloomberg_holding_pen_162/83ea6fb0d3f7420c4eefca775081f5a3
✍️ Traders are skeptical that Japan's new government will be able to shore up the yen through direct intervention, as the currency slumps towards levels that previously drew authorities into the market.
👉 The yen has fallen about 4.5% against the dollar this quarter, the most among its Group of 10 peers. 👉 Officials are concerned by volatility and the pace of moves. 👉 Some market watchers say any intervention is unlikely to occur without interest-rate hikes. 👉 The Japanese government is watching for excessive and disorderly moves. 👉 Finance Minister Satsuki Katayama has warned that the negative aspects of the weak yen have become more clear.
-- #SanaeTakaichi #MaritoUeda #SatsukiKatayama #JaneFoley #YujiroGoto #HirofumiSuzuki #ScottBessent #MagdaleneTeo #Japan #Tokyo #Washington #NewYork #business
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