Japanese Chief Cabinet Secretary Minoru Kihara stated on Thursday that authorities are prepared to take appropriate action against excessive currency fluctuations “at any time,” responding to questions regarding the Japanese yen’s sharp depreciation.
“We need to scrutinize such effects comprehensively,” Kihara told a regular press conference, adding that the government will continue to monitor market developments closely.
Key Comments on Currency Policy
No comment on specific foreign exchange levels.
Monitoring currency movements closely.
A weaker yen boosts corporate profits but increases the burden on households.
Market Reaction
The USD/JPY pair retreated from intraday highs near 160.75 to trade around 160.60, remaining largely flat on the day.
