Japan's Finance Minister Issues Stern Warning Against Speculative Yen Selling
2025-01-07
MSN
Japan's Finance Minister Katsunobu Kato warned against speculative yen selling on Tuesday, as the currency approaches the key 160 per dollar level. This warning comes after the Japanese government intervened in the currency market six months ago to prevent further yen depreciation. The minister's statement aims to stabilize the yen exchange rate and prevent excessive currency fluctuations, which can impact Japan's economy and trade. With the yen's value already under pressure, this move is seen as a measure to prevent further decline and promote economic stability. Key terms: yen exchange rate, currency fluctuations, economic stability
