TOKYO: Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen as the currency has already found some support and will head much higher as US interest rates peak, former finance official Eisuke Sakakibara said. Sakakibara gained a reputation as a market mover in the 19
TOKYO: Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen as the currency has already found some support and will head much higher as US interest rates peak, former finance official Eisuke Sakakibara said.
"I think the Ministry of Finance and the Bank of Japan are reasonably satisfied with what has been going on, so I don't foresee any intervention to warn or to change the course of the exchange rate," he said. What the data-dependent Fed ultimately decides at upcoming meetings will be key to the yen's position, but if the US central bank follows through on market expectations, the yen will edge up to 130 by the end of 2023 and gradually to 120"within the next few years", Sakakibara said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fiji batter 14-man Japan to sweep Pacific Nations CupTOKYO : A formidable Fijian side took down Japan 35-12 to secure a clean sweep at the final game of the Pacific Nations Cup in front of a packed crowd at Tokyo's Prince Chichibu Stadium on Saturday.Fiji were dominant throughout, punishing Japan after they were reduced to 14 men early in the first half whe
Read more »
Biles tops competition in first outing since Tokyo GamesHOFFMAN ESTATES, Illinois : Simone Biles made a triumphant return to gymnastics on Saturday in suburban Chicago, eclipsing the field by an enormous margin in her first competitive event since the Tokyo Olympics two years ago.The four-time Olympic gold medalist dazzled fans with her sky-high tumbling and a
Read more »
Meandering Typhoon Khanun targets Japan again amid record heatTOKYO: Typhoon Khanun was set to approach Japan's southernmost Okinawa islands again before changing north to hit the western main islands next week, dumping heavy rain over wide areas as it meanders, the
Read more »
Miyazawa strikes again as Japan beat Norway to reach Women's World Cup quarter-finalsWELLINGTON: Hinata Miyazawa scored her fifth goal of the tournament as Japan beat Norway 3-1 in a clash of former champions on Saturday (Aug 5) to reach the quarter-finals of the Women's World Cup for the fourth time. Japan have been on a mission to bury the memory of their disappointing exit at the l
Read more »
Japan to start Fukushima water release as early as late August: ReportRelease will likely come after Japan PM Kishida meets Biden and S. Korea President in US next week. Read more at straitstimes.com.
Read more »
Japan to start Fukushima water release as early as late AugTOKYO — Japan plans to start releasing treated radioactive water from the tsunami-wrecked Fukushima nuclear power plant into the ocean as early as late August, Japan's Asahi Shimbun daily reported on Monday (Aug 7), citing unnamed government sources.
Read more »