Japan’s Matsuno: Important to keep enough FX reserves to support own currency

Market news

26 October 2022

Japan’s Matsuno: Important to keep enough FX reserves to support own currency

Japan Chief Cabinet Secretary Matsuno said on Wednesday that it is “important to keep enough foreign reserves to support own currency in case of sharp and excessive market volatility.

His comments come after the Kyodo News Agency reported that Japan will likely spend JPY25.1 trillion ($170 billion) in its upcoming economic stimulus package.

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