[TOKYO (Archyde.com)]- Finance Minister Masato Kanda responded to reporters on the followingnoon of the 20th, saying, “Is it intervening or not?” I will not comment on how.” He said the funds available for yen-buying intervention were “infinite.”
Finance Minister Kanda said, referring to the fact that the G7 Finance Ministers and Central Bank Governors Meeting, etc. It is no longer in a situation where it is permissible,” he said.
On top of that, he said, “We have always established a system that allows us to take the necessary actions.” . He declined to comment on currency levels, saying he “has nothing to say.”
Prior to Kanda, Minister of Finance Shunichi Suzuki returned to the Ministry of Finance following the House of Councilors budget committee, and following refusing to comment on the exchange rate level, he said, “Excessive and rapid changes due to speculation cannot be tolerated.” he told reporters.
Regarding excessive volatility that accompanies speculation, he said, “There is no change to the conventional idea of taking a decisive response.”
It was the first time in regarding 32 years since August 1990 that the dollar hit the 150 yen level.
