Japan Official Warns of Yen Sales to Dissuade Speculators
This article is for subscribers only.
A Japanese Finance Ministry official said the government is ready to sell yen again following last week’s move if it sees speculative trades driving the currency higher.
Further intervention would “maintain the effect and warn those who make unusual moves” in the currency market, Vice Finance Minister Fumihiko Igarashi said on a television program of public broadcaster NHK yesterday.