Japan to respond to yen volatility

By Reuters

Jun 26, 2024 12:31 am

TOKYO — Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday authorities would respond appropriately to excessive currency volatility, in a fresh warning as the yen weakens toward the key 160 per dollar level.

Speaking at a regular press conference, Hayashi, the country's top government spokesman, said excessive volatility in foreign exchange is undesirable as it negatively affects business and household demand.

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