IMF cites Japanese yen’s volatility, says monitoring situation

IMF cites Japanese yen’s volatility, says monitoring situation By Reuters

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Economy 47 minutes ago (Sep 23, 2022 07:25AM ET)

(C) Reuters. FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

WASHINGTON (Reuters) – Asked about the Bank of Japan’s intervention to boost the yen, the International Monetary Fund noted the currency’s recent volatility and said it was monitoring the situation carefully.

“The yen has been very volatile in recent weeks, given monetary policy tightening in the U.S. and other countries. We are monitoring the situation carefully,” Ranil Salgado, the fund’s mission chief for Japan said in a written statement.

IMF cites Japanese yen’s volatility, says monitoring situation

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