Economy

Stocksak is ready for you to take action against excessive FX volatility


© Stocksak. Fumio Kishida, Japanese Prime Minister, speaks at a joint news conference in Tokyo with Luis Lacalle Pou, Uruguay’s President. The event was held at the Prime Minister’s Office Tokyo, Japan, October 28, 2022. REUTERS/Kim Kyung-Hoon/Pool

TOKYO (Stocksak), Japan’s Prime Minister Fumio Kishida stated Friday that the government is ready and able to take appropriate measures against excessive volatility in the currency markets.

Kishida said that “No one benefits” from the speculative, sharp volatility of the currency market. He spoke to a briefing on the recent sharp declines of the yen.

Kishida stated that the Bank of Japan should consider not only currency movements but also economic and price developments, as well as the impact of interest rate burdens on the public when deciding on monetary policy.

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