Japan Has “Free Hand” over Forex Intervention: Finance Min. Katayama

Japan Has “Free Hand” over Forex Intervention: Finance Min. Katayama
Tokyo, Dec. 23 (Jiji Press)--The Japanese government has a "free hand" over whether to intervene into the foreign exchange market to stem the yen's recent rapid depreciation, Finance Minister Satsuki Katayama said Tuesday. Katayama told a news conference that the government will act against "speculative and excessive moves," based on a September joint statement released by then Japanese Fina...