South Korean banking governor criticises Japan’s currency sale

first_img Show Comments ▼ Sunday 19 September 2010 10:19 pm SOUTH Korea’s central bank chief has poured scorn on Japan’s currency intervention, saying he was sceptical that Japan will succeed in stemming the yen’s strength without the help of other major currency issuers.“When it comes to Japan, there’s no doubt it can’t be achieved through a single country’s effort,” Bank of Korea governor Kim Choong-soo told reporters, asking for his comments to be reported during the weekend. Japan sold an estimated 1.8 trillion yen (£13.4bn) on Wednesday in the country’s first currency market intervention in six years in an attempt to stem the yen’s strength.However the unilateral move has drawn criticism from around the world. The country’s prime minister Naoto Kan remained defiant last week, talking up the possibility that the government could step into the currency market again. “Policy coordination is necessary between countries, such as between China and Japan,” said Kim.South Korean finance minister Yoon Jeung-hyun also said on Wednesday that Japan had not contacted his ministry about possible coordination on Tokyo’s currency intervention. whatsapp whatsapp KCS-content South Korean banking governor criticises Japan’s currency sale More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Share Tags: NULLlast_img

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