STRESA: Finance leaders of the Group of Seven (G7) advanced nations reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a green light to intervene in the market to arrest rapid falls in the yen.
The agreement followed new verbal warnings from Japan’s top currency diplomat Masato Kanda, who told reporters that Tokyo was ready to step into the market “any time” to counter speculative yen moves that hurt the economy.
