X Requested to Suspend Fake Account of Japan’s Top Finance Diplomat

The fake account, which follows about 5,000 users, has made no remarks about the yen or financial markets.

Advertisement
By Reuters | Updated: 3 August 2023 16:16 IST
Highlights
  • Japan's market fears currency intervention amid the yen's drop
  • The latest post appeared to have impersonated Kanda's trip to Ukraine
  • The yen weakened on Thursday to hit 143.89 against USD

The BOJ surprised markets with a tweak to its bond yield control programme last week

Japan's Ministry of Finance (MOF) warned on Thursday of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen's drop to a one-month-low.

In a rare English-language post on X, the ministry said "Please don't follow the impersonation account and/or comment on the post", saying such an X account purportedly belonging to Kanda or his staff did not exist.

Advertisement

"MOF is currently requesting that X (formerly Twitter) suspends the impersonation account. Thank you for your cooperation" it said, in its official account .

The account, under the name "Masato Kanda" and the user ID "@Jgghkj_", appeared to have been created in March and made only four posts to date, including three pictures of Kanda posted on March 1. The latest post, made at 3:56 pm (0656 GMT), appeared to have impersonated Kanda's recent trip to Ukraine.

Kanda was in Ukraine on Wednesday to explain Japan's support for the country, the MOF had announced.

The fake account, which follows about 5,000 users and was followed by little more than 550, has made no remarks about the yen or financial markets.

Advertisement

Kanda, Japan's vice-minister of finance for international affairs, has been the central figure in the country's efforts to stem the sharp decline of its yen currency since last year, supervising record yen-buying, dollar-selling operations late last year.

Prior to the Bank of Japan's latest July 27-28 policy meeting, Kanda made rare remarks on the chance of BOJ policy tweaks, in addition to warning the market that authorities will consider all options to deal with the yen's excess volatility.

Advertisement

The BOJ surprised markets with a tweak to its bond yield control programme last week, allowing interest rates to rise more freely.

The yen weakened on Thursday to hit 143.89 against USD, its lowest since July 7, as BOJ announced emergency bond purchases to check a surge in 10-year bond yields.

Advertisement

Markets are closely watching the MOF's next moves as the yen is nearing 145 per USD again, a level that triggered Japan's first yen-buying intervention since 1998 last September.

© Thomson Reuters 2023


Is the iQoo Neo 7 Pro the best smartphone you can buy under Rs. 40,000 in India? We discuss the company's recently launched handset and what it has to offer on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Japan, Yen, X, Twitter, Fake Account
Advertisement

Related Stories

Popular Mobile Brands
  1. Best Phones With Telephoto Cameras Under Rs. 40,000
  2. OnePlus 16 vs iQOO 16: Price and Specifications Compared
  1. Samsung Galaxy F70 5G With 5,000mAh Battery, 50-Megapixel Camera Goes on Sale in India: Price, Offers
  2. Apple ‘Pro and Tell’ Event Set for Next Week; First MacBook With Touchscreen, New iPad Mini and More Expected to Launch
  3. Cysic Shuts Down Bridge After Attacker Illegally Creates 10 Million CYS Tokens
  4. JPM Coin Arrives on Ethereum as JPMorgan Expands Institutional Payments
  5. Vivo V80 FE Reportedly Spotted on BIS Certification Website, India Launch Seems Imminent
  6. Airtel’s New Recharges in India Announced: Rs. 185, Rs. 203 and Rs. 206 Voice-Only Plans Details
  7. Vivo X500 Ultra Leak Reveals Launch Timeline, Chipset, Display and Key Specifications
  8. iQOO Neo 12 Launch Date Announced; Design, Colour Options Teased
  9. Qubic Halts Chain as Attacker Exploits Weak Seeds to Drain 1,400 Wallets
  10. iPhone Duo Battery Capacity Revealed Days Before Foldable Goes on Sale
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.