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Japan FinMin Suzuki Discussed JPY Intervention With U.S. Tsy Sec Yellen: TBS

JPY

Japan's Finance Minister Suzuki discussed the possibility of coordinated currency intervention amid the rapid depreciation of the yen, TBS reports citing a Japanese government official.

  • Suzuki earlier refused to comment on whether he discussed the idea of a coordinated intervention with his U.S. counterpart, but admitted that they talked about recent abrupt moves in the exchange rate.
  • The TBS source said suggested that the U.S. response was positive, despite current inflationary pressures within the U.S.
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