Skip to content
Subscriber Only

Japan’s Aso Invokes G-7, Seeks Coordination After Yen Jump

  • Any post-Brexit turmoil seen as potential yen-sales trigger
  • U.S. Treasury chief has said there’s high bar for intervention
Video player cover image

At What Level Does Yen Matter to the BOJ?

Updated on

Japan’s finance chief escalated his concern about a surge in the yen, calling for coordination with his counterparts to address what he described as disorderly moves in the currency market.

“We have to monitor the currency market with a sense of urgency so that speculative moves won’t continue -- when needed, I’d like to take firm action in line with G-7 and G-20 agreements,” Taro Aso, who is also deputy prime minister, told reporters in Tokyo Friday. “Abrupt changes are not desirable and I think it’s very important for the exchange rate to be stable. I want to coordinate closely with other nations to deal with this.”