Japan’s Top FX Diplomat Kanda: Govt, BoJ must take seamless response to market moves

Japan’s top currency diplomat Masato Kanda said on Friday that the government and Bank of Japan (BoJ) must take seamless response to market moves.

Additional comments

World economy faces various risks.

Risk aversion seen in markets.

Closely watching market moves.

Japan’s financial system remains stable as a whole.

Holding discussion with G7 partners on financial markets.

Always in touch with G7 partners.

Meanwhile, Japan’s trade union confederation said that they agreed to an average of 3.8% wage hikes for FY2023, the biggest jump in wage hikes since 1994.