Japan ready to intervene if yen moves too volatile

Japanese Finance Minister Taro Aso said on Monday that Tokyo is ready to intervene in the currency market if yen moves are volatile enough to hurt the country’s trade and economy. Aso also said he did not think the United States considered Japan’s currency policy to be inappropriate,

but acknowledged the two countries differed in their views on what would be deemed excessive yen rises that justify intervention. “For Japan, excessive volatility in yen moves that affect Japan’s trade, economic and fiscal policies – be it yen rises or yen falls – is undesirable. If such moves occur, Japan is ready to intervene in the market,” Aso told parliament. READ MORE