Japan intervened in the foreign exchange market earlier to buy yen in an attempt to shore up the battered currency after the Bank of Japan stuck to its ultra-low interest rates, further pressuring the currency against the dollar.
“The government will continue watching market moves closely with a high sense of urgency, and take necessary steps decisively in response to excessive fluctuations,” Kishida told a news conference in New York.
Kishida, visiting the United States to attend the U.N. General Assembly, said Japan will ease its border controls from Oct. 11, eliminating the cap on the number of entrants into Japan and allowing visa-free travel, including by individuals.
The prime minister also said he would issue instructions to his ministers on Sept. 30 about compiling a fresh stimulus package.
“Upon compiling it in October, we will swiftly move to execution,” he said.
Source: Economy - investing.com
