The Japanese governmentSLOTXOand the Bank of Japan made a joint statement. After the currency hit a 20-year low against the US dollar.
On June 10, 2022, Nikkei Asia reported that Japan's leading monetary agency and the central bank of Japan. They shared their concerns about the sharp weakening of the yen. After the yen hit a 20-year low against the US dollar.
Ministry of Finance Bank of Japan and financial services departments Organized a meeting to exchange information on international financial markets and capital. The Ministry of Finance said it was the first time the document would be published after the three-party meeting.
The document emphasizes that It is important for the exchange rate to remain stable based on fundamentals. He stated that rapid volatility is undesirable.
It also stated that The government and Bank of Japan will cooperate and closely monitor developments in the foreign exchange market. as well as the impact of the currency on the economy and the price of goods with increasing urgency.r1;
The document also referred to the agreement of the top seven industrial countries, or G7, that Japan would take appropriate measures when necessary. At the same time, it maintains close communication with the financial authorities of each country.
Masato Kanda, Deputy Finance Minister, Junichi Nakajima, Commissioner of the Japan Financial Services Commission, and Shinichi Uchida, Executive Director of the Bank of Japan. Meeting at 4 p.m. at the Ministry of Finance of Japan
Portal
