Japan's yen still perceived as safe-haven asset

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Japan's yen still perceived as safe-haven asset
France Dernières Nouvelles,France Actualités
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SaltWire's Atlantic regional weather forecast for October 16, 2023 | SaltWireTOKYO - Japan's top financial diplomat said on Monday the yen was still perceived as a safe haven asset like the Swiss franc and U.S. dollar despite its recent weakness, and was benefiting from safe-haven demand due to the conflict in the Middle East.

"We will firmly take appropriate steps when necessary," Kanda told reporters during an ad hoc news conference. Various factors determine currency rates and long-term interest rates are"only one factor", Kanda said.

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