Masato Kanda is vice-minister for international affairs at Japan’s Ministry of Finance. He is the official who will instruct the BOJ to intervene, when he judges it necessary, and is often referred to as Japan’s ‘top currency diplomat’.
- no comment on intervention
- will disclose at end of next month
- Currency impact has bigger impact on import prices now
- Excessive fx moves
could impact on daily lives - Need to take
appropriate actions on fx - Inappropriate to
comment on Bank of Japan Governor Ueda’s comment - Ready to take actions 24 hours a day
- Won’t comment on FX levels
USD/JPY unchanged in response to Kanda, around 156.23
This article was written by Eamonn Sheridan at www.forexlive.com. Source