Aso Says Japan Is Ready to Take Action as Yen Surges on Brexit
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Japanese authorities voiced growing concern at the yen’s surge as the U.K. voted to leave the European Union, with Finance Minister Taro Aso saying he’s ready to act in markets iF needed.
“We are very concerned about the risks this will have on the world economy, finance, currency markets and other areas,” Aso told reporters in Tokyo, after the yen gained to as high as 99.02 per dollar. “In the foreign exchange market, we are seeing some very nervous moves, and so that these kinds of moves don’t continue, we are watching it with a sense of concern that is higher than before, and we will respond properly if needed."