TOKYO, June 26 (Xinhua) — Japanese Finance Minister Shunichi Suzuki on Monday cautioned towards current fast declines of the yen and speculative buying and selling.
Suzuki advised reporters that the federal government will reply appropriately if there are extreme strikes on the international change market.
Masato Kanda, vice finance minister for worldwide affairs, advised reporters the identical day individually that the present change market strikes are “rapid and one-sided.”
“We will monitor the situation with a high sense of urgency and take appropriate responses to excessive moves,” he mentioned. “All options are available. We are not ruling out anything.”
The Japanese forex fell to the 143-yen stage towards the U.S. dollar for the primary time in about seven months final Friday.