Japanese official confirms his country's readiness to intervene in the foreign exchange market!

December 20, 2024

Japanese Vice Minister of Finance for International Affairs, Atsushi Mimura, expressed his deep concern about the unstable movements in the foreign exchange market, stressing that the Japanese government is ready to take appropriate measures to counter any excessive movements in the yen.

In his statements, Mimura indicated that there is particular concern about speculative movements in the market, saying: "I am very concerned about the volatility of the foreign exchange market, and we will take necessary measures against any excessive movements. However, I think it is not appropriate for me to comment extensively on the current market situation."

The Japanese official also clarified that he will not comment on any statements issued by the Bank of Japan, out of respect for the bank's independence in making its monetary decisions, stressing that this falls within its own powers