Japan’s Hamada: Should intervene in FX market if USD plunges 7-8 yen per day
|Adviser to the Japanese PM Abe, Koichi Hamada, told Reuters that if the USD drops 7-8 yen on a daily basis, then Japanese authorities need to intervene.
Key Headlines:
Some danger Trump could base decisions on 'wrong economics' if he doesn't heed good advice
Japan need not cooperate with Trump on economic policies just to please him
Japan does not need to stick to fiscal 2020 target for primary budget surplus
Government should postpone further sales tax increase if Japan's economy stays in deflation
Japan should intervene in FX mkt if dollar plunges 7-8 yen per day
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.