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Economics

Yellen Respects Japan’s Intervention Non-Disclosure, Kanda Says

Janet Yellen

Janet Yellen

Photographer: Ting Shen/Bloomberg
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US Treasury Secretary Janet Yellen respects Tokyo’s decision not to disclose whether it has intervened in foreign exchange markets, according to Japan’s top currency official.

“We’re grateful that Secretary Yellen respects our direction,” chief currency official Masato Kanda told reporters in Tokyo Wednesday. “We’re in close daily communication with Group of Seven, Group of Twenty nations, and particularly with allies including the US.”