Markets fear further Bank of Japan's intervention

Japanese Finance Minister Shunichi Suzuki said authorities were ready to respond to speculative currency moves. The intention was declared days after the Japanese government moved to intervene in the currency market to counter yen’s fall. It is known that Japan experiences the steepest decline in two decades.

According to Suzuki, the authorities are concerned about rapid one-sided movements in the market caused in part by speculative trading. The government is ready to take actions as needed. 

As reported by Bank of Japan Governor Haruhiko Kuroda on Monday, the central bank is likely to keep its ultra-loose monetary policy unchanged. However, he said that he could change his decision to remain interest rates at present or lower levels in the future. 

At a meeting in Osaka, Haruhiko Kuroda emphasized that if the economy was exposed to risks, Japanese authorities would immediately change the course and take easing measures.