ICYMI: Japan’s top currency diplomat says ready to handle foreign exchange issues 24 hours a day

Eamonn made headlines earlier here. Kanda told reporters: “We’re ready 24 hours a day, so whether it’s London, New York or Wellington, it makes no difference.”

He made no comment on the intervention but said recent developments in the foreign exchange market have been “speculative, rapid and abnormal.” Adding that any excessive movement in the foreign exchange market triggered by speculators would have a negative impact on people’s daily lives.