Japan’s finance minister highlights oil price swings and speculative activity as key risks to currency stability during G7 talks.
Japan’s Finance Minister Satsuki Katayama stated that volatility in oil prices is impacting foreign exchange markets, citing speculative moves as a growing concern. She made the remarks during the G7 Finance Ministers meeting in France, emphasizing the need for global coordination to address imbalances and risks tied to critical mineral supply chains, particularly China’s export controls.
Katayama noted that the G7 is not considering coordinated action on bond selloffs, leaving each country responsible for its own market stability. The group’s communique is expected to include language on critical mineral pricing, while discussions on risks related to Mythos will continue ahead of next month’s summit.
The minister also indicated Japan would take appropriate measures against forex volatility, aligning with broader efforts to monitor financial market risks. Separately, Prime Minister Takaichi requested an assessment of financing options for an extra budget while mitigating economic risks.