Category: Kanda
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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’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…