Japan Finance Officials to Hold Meeting as Yen Drops
- MOF, BOJ, FSA officials met for first time since March
- Yen has fallen through closely-watched 140 per dollar level
The Bank of Japan headquarters in Tokyo, Japan.
Photographer: Kentaro Takahashi/BloombergThis article is for subscribers only.
Japan’s top currency official warned that the government would take action if needed in comments that follow a weakening of the yen to its lowest levels since last November.
“It’s important that currency markets reflect fundamentals and move in a stable manner. Excessive moves aren’t desirable,” top currency official Masato Kanda told reporters after the first meeting of Japan’s Ministry of Finance, the Bank of Japan and Financial Services Agency since March. “The government will continue to closely monitor market moves, and will take appropriate responses if necessary.”