Japan’s Chief Cabinet Secretary Kihara: Government remains concerned over speculative Fx moves
WikiBit 2026-05-29 17:13
Japan’s Chief Cabinet Secretary Minoru Kihara said during the European trading session on Friday that the government is extremely concerned about
Finance
Japans Chief Cabinet Secretary Kihara: Government remains concerned over speculative Fx moves
Japans Chief Cabinet Secretary Minoru Kihara said during the European trading session on Friday that the government is extremely concerned about speculative Forex (FX) moves and will be ready for appropriate action if needed.
Additional remarks
Governments stance is always to take appropriate action on forex.
Wont comment on forex levels, intervention.
The statement from Japan‘s Chief Cabinet Secretary Kihara increases hopes of an intervention against excessive forex moves. Earlier in the day, Japan’s Finance Minister (FM) Satsuki Katayama warned that authorities could intervene in the foreign exchange (Forex) market to counter excessive volatility against the Japanese Yen (JPY).
Market reaction
No immediate response was seen in the JPY after Japan Kiharas comments. As of writing, USD/JPY trades almost flat at around 159.30.
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