Keidanren Head Says Currency Intervention Is Justified To Curb Yen Volatility

Yoshinobu Tsutsui of Keidanren says currency intervention is justified following recent yen fluctuations. The statement follows New York Fed rate checks.

洞察:
yoshinobu tsutsui, the head of Keidanren, Japan's JPJPlargest business lobby, has stated that currency intervention is justified when dealing with rapid fluctuations in the US Dollar / Japanese Yen exchange rate. This position highlights the significant concern within the Japanese business community regarding the stability of the national currency and its impact on the broader economy.
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/File Photo
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/File Photo
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