Satsuki Katayama states authorities stand ready to act on yen movements if necessary, aligning with Bank of Japan policy.
Japan’s Finance Minister Satsuki Katayama indicated readiness to intervene in foreign exchange markets if required. The statement underscores alignment with the Bank of Japan on currency stability measures.
Recent yen depreciation has been driven by policy divergence between the BoJ and other central banks, which have raised interest rates aggressively. The USD/JPY pair remains near 159.97, reflecting ongoing pressure on the yen.
As of writing, the USD/JPY pair is up 0.04% on the day, showing limited immediate market reaction to Katayama’s remarks.