Japanese authorities to curb excess volatility if need be

Transcript

00:00 Japanese authorities have not confirmed whether they intervened in the market to support the

00:04 yen, but have emphasized their commitment to act against excess volatility.

00:10 The yen strengthened sharply on Tuesday, leading some to believe that Tokyo had intervened.

00:16 The government is growing increasingly concerned about yen's weakness, as the currency has

00:21 depreciated around 12 percent this year.

00:25 Japanese authorities are under pressure to combat the sustained depreciation of the yen,

00:30 as investors anticipate higher U.S. interest rates, while the Bank of Japan maintains its

00:35 super low interest rate policy.