The finance ministers of Japan and South Korea, Shunichi Suzuki (pictured right) and Choi Sang-mok (pictured left), respectively, agreed on Tuesday to take "appropriate actions" to combat the volatility the yen and the won have been experiencing recently in the foreign exchange market.According to...
Japanese Finance Minister Shunichi Suzuki on Tuesday said the country is continuing to monitor foreign exchange market moves "with a sense of urgency." He noted it is important for the movements in the exchange rate to be steady and said any volatility can hurt the economy.
The finance...
Japanese government spokesman Hirokazu Matsuno stated in a press conference on Monday that Tokyo is "concerned" with the recent sharp yen falls and will "respond appropriately if needed," after the nation's currency hit a 20-year low against the US dollar.
“It’s important that currency rates move...
Japanese Finance minister Shunichi Suzuki (pictured left) stated on Tuesday that Tokyo will be in close coordination with the United States regarding the adequate response to ongoing foreign exchange fluctuations, in particular the decline of the yen.
"The government is closely watching currency...
HSBC’s global head of foreign exchange cash trading Mark Johnson and the former European head of currency trading Stuart Scott are allegedly going to be charged with conspiracy to commit wire fraud in relation to currency rigging.
Johnson was arrested by the U.S. authorities on Tuesday night and...
The European Central Bank (ECB) said that of the seven countries, members of the European Union but not of the European Monetary Union (EMU), not a single one has managed to comply with all criteria to participate in the monetary union.
"The seven countries under review comply with most of the...
Gold prices were higher around one third of per cent on Thursday, with the background of rising oil prices and strength in Japanese yen. A day before, the precious metal fell to the levels last seen seven weeks ago.
Gold spot price rose 0.37% to $1,228.54 per troy ounce by 12:51 p.m. CET, and was...
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