I will refrain from speaking specifically about exchange intervention = Chief Cabinet Secretary Hayashi

7/16/2024 11:44 AM GMT+9

Chief Cabinet Secretary Hayashi Yoshimasa refrained from making specific comments at the press conference on the morning of the 16th regarding observations that the government and the Bank of Japan carried out exchange intervention on the 12th following the 11th.
The Chief Cabinet Secretary said, “I would like to refrain from specifically speaking about exchange rate trends and exchange intervention, including whether or not it has been implemented, since there is a risk that it will have an unforeseen impact on the market.” On top of that, “it is important for exchange rates to reflect fundamentals and move stably, and we recognize that excessive fluctuations are not desirable. I would like to keep a close eye on trends in the exchange market and take thorough measures,” he said.