rare!Japanese Prime Minister's public development voice: Highly vigilant, if necessary, "intervene" →

When Japanese Prime Minister Kishida Wenxiong visited the New York Stock Exchange on the 22nd, the Japanese government would strictly monitor market fluctuations with a "high degree of vigilance". Once the yen appeared "excessive flow" due to speculation, the government will intervene again when necessary. Essence

"Once the fluctuations are too large, we will take necessary measures decisively," he said.

CCTV Finance "Zheng Dian Finance" column video

A few hours before the above remarks, Kishida, in the late night of Tokyo time, the Japanese government bought a large yen to boost the exchange rate. This is the first time that the Japanese government has intervened in the foreign exchange market in this way since 1998.

According to Reuters, the prime minister of Japan is uncommon for public exchange rates. Kishida's remarks show that the Japanese government is determined to curb the rapid decline in the yen, so as not to increase the pressure on Japanese families and retailers due to the continuous rise in imported raw materials and fuel prices.

After the government's shot, the yen appreciated slightly, and the US dollar fell more than 2%to the yen exchange rate to about 1 to 140.3. However, as of 23:16 on the 22nd (7:16 on the 23rd of Beijing time), the exchange rate returned to another $ 1,42.36.

The Central Bank of Japan has previously decided to maintain a loose monetary policy to stimulate the economy, and the outside world is worried that the Japanese yen will continue to depreciate.

September 23 is the Japanese public holiday autumn equinox. The Deputy Minister of the Ministry of Finance, the Ministry of Finance, said on the 22nd that although the government was on vacation the next day, if the government decided to intervene again, it would not be restricted by this factor.

Source: CCTV News Client, CCTV Finance

- END -