Kishida Keeps Up Japan’s Warnings Against Excessive Yen Moves
- Says important currencies move in line with fundamentals
- Adds Japan will undertake FX policy in line with G7 agreements
Japanese 10,000 yen banknotes.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Japanese Prime Minister Fumio Kishida warned against the yen’s slide, pledging to act appropriately against excessive moves without excluding any options, in a continuation of the nation’s verbal defense against sharp moves in the yen.
Kishida spoke in a group interview with reporters on Friday with the yen not far from last week’s 34-year low against the dollar.