Masato Kanda is vice-minister for international affairs at Japan’s Ministry of Finance. He is the official who will instruct the BOJ to intervene, when he judges it necessary, and is often referred to as Japan’s ‘top currency diplomat’.
no comment on interventionwill disclose at end of next month
Currency impact has bigger impact on import prices nowExcessive fx moves
could impact on daily livesNeed to take
appropriate actions on fxInappropriate to
comment on Bank of Japan Governor Ueda’s commentReady to take actions 24 hours a dayWon’t comment on FX levels
USD/JPY unchanged in response to Kanda, around 156.23
This article was written by Eamonn Sheridan at www.forexlive.com.