Japan signals readiness to intervene as yen weakens
Finance Minister Katayama said Japan is ready to act against yen swings. The currency hit its weakest since January as Middle East tensions drove oil prices.
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The government of Japan has signaled its readiness to take necessary measures at any time to address sharp fluctuations in the foreign exchange market. Finance Minister Satsuki Katayama stated on Friday that the administration is closely monitoring market moves, which have a significant impact on the livelihoods of the public.
It is clear that the Middle East situation has caused significant volatility in financial markets, including foreign exchange.
