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Japan seen laying groundwork again for currency intervention

Ahead of G-7 summit, finance minister says there's no intention of seeking to depreciate the yen sharply
Wednesday, May 25, 2016 - 05:50

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Mr Aso told Parliament that it would be desirable from Japan's point of view if the dollar/yen rate settled at around 109.

Tokyo

PRIME Minister Shinzo Abe may make a further bid to win understanding from the Group of Seven (G-7) advanced economies of the need for Japan to intervene in foreign exchange markets to curb recent strong rises in the value of the yen, some analysts said on Tuesday as Japanese

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