Excessive fluctuations in exchange rates have a negative impact on the economy, Kanda said, and Kanda also reminds the market that the threat of intervention remains.
- Excessive fluctuations in exchange rates have a negative impact on the economy.
- The prospects for a smooth landing of the world economy are increasing.
- The group of twenty needs to respond appropriately in the markets on the basis of the group's foreign exchange agreement.
- The group of twenty should be more vigilant against excessive and speculative fluctuations in exchange rates.
It is worth mentioning that Kanda is in Brazil to attend the meeting of central bankers and finance ministers from the group of twenty countries, and he is considered the official who will instruct the Bank of Japan to intervene when it deems it necessary, and is often referred to as the top currency diplomat in Japan.
