Japan closely monitoring currency fluctuations as yen falls sharply - Finance Minister ...Middle East

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Japan closely monitoring currency fluctuations as yen falls sharply - Finance Minister
source : Daily Sun ( Middle East ) () 8
MOSCOW: Tokyo is closely monitoring volatility in foreign exchange markets and is ready to respond appropriately to sharp currency swings, Japanese Finance Minister Shunichi Suzuki said Friday, reported Sputnik.“It’s not that we have a specific line of defense and we will take some sort of action if (a certain dollar-yen level) is crossed. We are constantly watching volatility,“ the Kyodo news agency quoted Suzuki as saying when asked if the Japanese government had a precise level for the yen-US dollar exchange rate at which it would introduce monetary measures.The minister added that, given the situation, he believes the yen has weakened “significantly” against the US currency.The yen has a

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