1. The Japanese yen once fell to its lowest level against the US dollar since 1990, triggering "verbal intervention" by the authorities. Finance Minister Junichi Suzuki stated that he does not rule out any measures to deal with the chaotic foreign exchange fluctuations
2024-03-27 06:54:39
1 The Japanese yen fell to its lowest level against the US dollar since 1990, triggering "verbal intervention" from authorities. Finance Minister Toshiichi Suzuki stated that no measures could be taken to deal with the chaotic foreign exchange fluctuations, and the yen subsequently narrowed its decline2 Bank of Japan - Reviewer Naoki Tamura: May maintain loose monetary policy conditions for a period of time. Policy normalization should be achieved slowly and steadily. I won't consider raising interest rates like in the United States. President Uchida Kazuo: We will closely monitor the impact of foreign exchange on the economy. If long-term interest rates rise significantly, we will be flexible in our bond buying operations. If the economic and price development deteriorates sharply, it is not ruled out to adopt any option, including tools that have already been used3 European Central Bank Managing Director Karzos: I do not oppose the market's view that interest rate cuts will begin in June. We will cautiously and gradually lower interest rates4 Market news: South African lawmakers have passed the Gold and Foreign Exchange Emergency Reserve Act5 The Indonesian rupiah fell 0.3% against the US dollar at one point to 15844, the lowest since November 2 last year6 Polish Central Bank member Maslowska: Polish interest rates are likely to remain unchanged in 2024
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