Japan’s Top FX Diplomat Kanda: Govt, BoJ must take seamless response to market moves
|Japan’s top currency diplomat Masato Kanda said on Friday that the government and Bank of Japan (BoJ) must take seamless response to market moves.
Additional comments
World economy faces various risks.
Risk aversion seen in markets.
Closely watching market moves.
Japan's financial system remains stable as a whole.
Holding discussion with G7 partners on financial markets.
Always in touch with G7 partners.
Meanwhile, Japan's trade union confederation said that they agreed to an average of 3.8% wage hikes for FY2023, the biggest jump in wage hikes since 1994.
Market reaction
At the time of writing, USD/JPY is keeping its recovery mode intact at around 133.25, still down 0.36% on the 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.