Taro Aso's comments stoke talk of yen intervention
Finance minister says the G-20 will 'study policy cooperation' in Shanghai this month
Tokyo
SPECULATION about official intervention to stem the yen's dramatic rise intensified on Friday, with Minister of Finance Taro Aso saying that the G-20 finance ministers would "study policy cooperation" at their meeting in Shanghai this month.
His statement came amid continued turbulence in Asian and other financial markets, and as the yen traded at between 111 and 112 to the US dollar in volatile Tokyo trading; the currency had hit a 15-month low of 110.99 yen in London on Thursday, when Tokyo markets were closed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Labour wins UK by-election as Tory PM Sunak stares at more losses
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership