Japan signals it will act to curb any excessive yen rises

August 05, 2019

Editors note: Japan does not sleep walk through currency conflicts. Its financial ministry fights back. Tokyo financial traders do not squawk about wanting a strong yen. If they do, no one listens to them.

TOKYO (Reuters) - Japan’s top currency diplomat on Monday warned investors against significantly pushing up the yen, signaling that Tokyo was ready to intervene in the currency market if excessive yen gains threatened to hurt the export-reliant economy.

[Daniel Leussink, Yoshifumi Takemoto | Augusts 5, 2019 | Reuters]

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