{"id":5903,"date":"2023-06-28T19:31:27","date_gmt":"2023-06-28T14:31:27","guid":{"rendered":"https:\/\/www.asiafreepress.com\/?p=5903"},"modified":"2023-06-28T19:31:29","modified_gmt":"2023-06-28T14:31:29","slug":"japans-top-currency-diplomat-warns-of-excess-volatility-in-forex-markets","status":"publish","type":"post","link":"https:\/\/www.asiafreepress.com\/en\/business\/japans-top-currency-diplomat-warns-of-excess-volatility-in-forex-markets\/","title":{"rendered":"Japan&#8217;s top currency diplomat warns of excess volatility in forex markets"},"content":{"rendered":"<p><strong>TOKYO, June 28 (Xinhua): Japan&#8217;s Vice Finance Minister for International Affairs Masato Kanda said on Wednesday that an appropriate respond to excess volatility in foreign exchange markets would be made.<\/strong><\/p>\n\n\n\n<p>The top currency diplomat&#8217;s remarks were made following the U.S. dollar&#8217;s spike to a seven-month high, past the 144 yen-mark, and came on the heels of similar warnings from other authorities about rapid, one-sided moves versus the dollar.<\/p>\n\n\n\n<p>&#8220;We will closely watch developments in the currency market with a sense of increased urgency and respond appropriately if (forex) moves become excessive,&#8221; Kanda told a press briefing.<\/p>\n\n\n\n<p>The U.S. Federal Reserve and other major central banks in Europe are aggressively hiking their interest rates to tame inflation compared to the Bank of Japan&#8217;s ultra-easy policy, which witness a widening interest rate gap between the countries, with the divergent policies a leading factor in the yen&#8217;s weakness.<\/p>\n\n\n\n<p>Numerous times in the previous year, the last being in October, Japan intervened into the currency market and launched yen-buying operations using U.S. dollars to redress the yen&#8217;s weakness, with the forays into the market following a series of similar warnings such as those issued by financial authorities recently.<\/p>","protected":false},"excerpt":{"rendered":"<p>TOKYO, June 28 (Xinhua): Japan&#8217;s Vice Finance Minister for International Affairs Masato Kanda said on Wednesday that an appropriate respond to excess volatility in foreign exchange markets would be made. The top currency diplomat&#8217;s remarks were made following the U.S. dollar&#8217;s spike to a seven-month high, past the 144 yen-mark, and came on the heels [&hellip;]<\/p>","protected":false},"author":28,"featured_media":5904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,3,396],"tags":[],"class_list":["post-5903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-business","category-latest"],"_links":{"self":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/5903"}],"collection":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/comments?post=5903"}],"version-history":[{"count":0,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/5903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media\/5904"}],"wp:attachment":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media?parent=5903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/categories?post=5903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/tags?post=5903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}