JAPAN’S KANDA: STANDS READY TO INTERVENE 24 HOURS A DAY IF NECESSARY
Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said on Monday that he will take appropriate steps if there is excessive forex move. However, Kanda declined to comment if recent forex moves are excessive.
Key quotes
Warns of negative economic impact from excessive forex movements.
To take appropriate measures if forex fluctuations are considered excessive.
US FX report has no impact on Japan's forex policy.
Maintains daily contact with global peers on foreign exchange.
States readiness to intervene if necessary.
Sees no consideration of specific levels for intervention.
Stands ready to intervene 24 hours a day if necessary.
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