Japan to Step in if the Yen Gets Stronger and Hurts Export Revenues

Japan’s vice finance minister for international affairs Yoshiki Takeuchi has cautioned against investors driving up the value of the yen

Japanese yen in focus

Japan’s vice finance minister for international affairs Yoshiki Takeuchi has cautioned against investors driving up the value of the yen over an increased demand for safe haven assets. While addressing reporters, he remarked that the government could step in to prevent the Japanese yen from getting stronger as it could hurt the country’s export-oriented economy.

According to Takeuchi, “It’s necessary to take action based on the G7 and G20 agreement if currency moves have a negative impact on the economy and financial markets.”

Takuchi’s statements followed a meeting among senior officials at the Ministry of Finance, BOJ, and Financial Services Agency, which was convened to discuss ramifications of the US-China trade war on Japan’s economy.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers