Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said that he has no comment on foreign exchange (FX) intervention for now when was asked by media if authorities had stepped into markets to support the Yen. Kanda added that the Ministry of Finance will release figures on currency intervention at the end of May.
Key quotes
“No comment on intervention.”
"Will disclose at end of next month.”
“Currency impact has a bigger impact on import prices now.”
“Excessive FX moves could impact on daily lives.”
“Need to take appropriate actions on FX.”
“Inappropriate to comment on Bank of Japan Governor Ueda’s comment.”
