IMF cites Japanese yen's volatility, says monitoring situation
- Country:
- United States
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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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