Japan's PM Kishida to Take Appropriate Action if There are Excessive FX Moves

  • Japan's PM Kishida says it will take Appropriate Action if There are Excessive FX Moves
Japanese corporates have expressed support for new Prime Minister Fumio Kishida’s additi

He also mentioned they will use any means to respond to excessive Forex moves.

It's desirable for Forex to move stably reflecting the fundamentals, volatile movements are not favorable.

Controlling currency is not an objective of the Bank of Japan's monetary policy.

The JPY didn't react too much after his comments.

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