Japan Signals Readiness for Joint Currency Action
Japanese Finance Minister Satsuki Katayama stated that the principles guiding the recent Japan-US currency intervention remain in place. Her comments highlight Tokyo's preparedness to address excessive yen volatility alongside Washington.
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Japan Finance Minister Satsuki Katayama said on Thursday morning that the principles underpinning the coordinated Japan--United States currency intervention remain in place. The statement signals Tokyo's readiness to take joint action again to counter excessive volatility in USD/JPY. The comments follow a July operation aimed at disorderly market moves, though officials declined to comment on specific foreign exchange levels.
