Japan's Currency Chief Kanda Warns Against Speculative FX Moves
Originally Published 1 year ago — by Bloomberg
Japan's vice finance minister for international affairs, Masato Kanda, has warned against speculative moves in the foreign exchange market as the yen remains weak against the dollar, trading around 150-151 per dollar since the Bank of Japan's recent interest rate hike. Kanda emphasized that the yen's current weakening is not in line with fundamentals and is driven by speculation, stating that appropriate action will be taken against excessive fluctuations.