Array
Japan’s top currency diplomat Masato Kanda said on Friday he was closely watching foreign exchange market moves with a sense of urgency and that authorities were ready to take action, if needed.
Kanda was speaking after weaker-than-expected U.S. consumer price data lowered market expectations for aggressive Federal Reserve interest rate hikes, sending the dollar falling by 4 yen overnight versus the Japanese currency.
“We’ll closely watch currency moves and respond appropriately if necessary,” Kanda, vice finance minister for international affairs told reporters at the ministry.
