Arab Today, arab today south korea calls for efforts to ease currency market fluctuations
Last Updated : GMT 07:38:36
Arab Today, arab today
Arab Today, arab today

South Korea calls for efforts to ease currency market fluctuations

Arab Today, arab today

Arab Today, arab today South Korea calls for efforts to ease currency market fluctuations

Seoul - Yonhap

South Korea should make efforts to ease volatility in the currency market as concerns are deepening that the won is quickly losing ground against the Japanese yen, the country\'s top economic policymaker said Monday. \"The government should make efforts to ease steep fluctuations in the foreign currency exchange rates,\" Finance Minister Hyun Oh-seok told reporters during a meeting with reporters here. His remarks come as the yen\'s continued decline is taking its toll on the South Korean economy whose companies have to compete with Japanese rivals in many areas on the global stage. The yen is expected to fall further as Tokyo is pinning its economic recovery hopes on so-called Abenomics -- a mixture of aggressive monetary and fiscal policies preached by Japanese Prime Minister Shinzo Abe. On May 9, the Japanese currency weakened past a key support level of 100 yen per dollar for the first time in four years and it is now flirting with the 103 mark. \"The yen is falling at a faster pace than we had expected,\" Hyun said. \"I can clearly say that the government is not viewing this as just a temporary phenomenon.\" He, however, stopped short of going into details, adding it would \"do more harm than good\" to make further remarks related to foreign exchange rates. Asked if the government is reviewing any additional measures to stabilize the currency market, the minister said there are \"no immediate steps\" under consideration. He also noted that the government is not considering adjusting the already-unveiled macro-prudential measures \"at this time.\" Those measures intended to ease volatile cross-border capital flows include bank levies and tighter regulations on banks\' foreign exchange derivatives positions.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea calls for efforts to ease currency market fluctuations Arab Today, arab today south korea calls for efforts to ease currency market fluctuations

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday