Skip to main content
Best News Website or Mobile Service
 
WAN-IFRA Digital Media Awards Worldwide
Best News Website or Mobile Service
 
Digital Media Awards Worldwide
Hamburger Menu

Advertisement

Advertisement

Business

US Treasury acknowledges Bank of Japan forex intervention

US Treasury acknowledges Bank of Japan forex intervention

FILE PHOTO: A man walks past the Bank of Japan building in Tokyo, Japan January 15, 2018. REUTERS/Kim Kyung-Hoon

WASHINGTON: The US Treasury on Thursday acknowledged the Bank of Japan's intervention in the foreign exchange, but stopped short of endorsing the move.

“The Bank of Japan today intervened in the foreign exchange market. We understand Japan’s action, which it states aims to reduce recent heightened volatility of the yen," a Treasury spokesperson said, when asked about the currency intervention.

Source: Reuters

Advertisement

Also worth reading

Advertisement