Japan to Step in if the Yen Gets Stronger and Hurts Export Revenues - Forex News by FX Leaders
Japanese yen in focus

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

Posted Monday, August 5, 2019 by
Arslan Butt • 1 min read

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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments