Category: excessive
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Japan urges G20 vigilance against excessive FX fluctuations By Reuters
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Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japan has urged its G20 counterparts to be more vigilant against excessive volatility in foreign exchange rates caused by speculation, Japan’s top currency diplomat Masato Kanda said on Thursday. Kanda said at a press conference held during the meeting of G20…
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Japan’s Kanda says officials need to respond if speculators cause excessive FX moves, Kyodo reports By Reuters
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Written by Satoshi Sugiyama TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said on Wednesday he would have to respond if speculators caused excessive moves in the currency market and there was no limit to the number of times authorities could intervene, Kyodo News reported. “I have no choice…
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Japan to respond appropriately to excessive yen volatility, official says By Reuters
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Written by Kentaro Sugiyama and Makiko Yamazaki TOKYO (Reuters) – Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday that authorities will respond appropriately to excessive currency fluctuations, in a new warning as the yen weakens towards 160 yen to the dollar. Hayashi, a top government spokesman, told reporters that…
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Top proxy adviser ISS recommends against Tesla CEO Musk’s ‘excessive’ $56 billion pay By Reuters
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Written by Ross Kerber (Reuters) – Top proxy advisory firm ISS recommended that Tesla (NASDAQ:) shareholders vote against ratifying CEO Elon Musk’s $56 billion pay package, calling the compensation excessive and rejecting the plan drawn up by the electric car maker’s board. In a report sent by a representative late…
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Japan’s Kanda: Excessive FX moves undesirable. Ready to take action if needed
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Kanda, Japan’s chief currency diplomat, says: Excessive forex movements are undesirable, so need to be monitored. He told the G7 that they must respond appropriately to excessive erratic foreign exchange movements. Japan is ready to take appropriate action in the event of excessive movements in the foreign exchange market I…