Japan Signals Readiness to Act as Yen Volatility Rises
Finance Minister Katayama says Tokyo is ready to act against speculative moves as the yen nears 160. Officials are also monitoring rising bond market yields.
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Japan authorities have signaled a heightened readiness to intervene in currency markets as volatility rises, with the yen lingering near the psychologically significant 160-per-dollar level. Finance Minister Satsuki Katayama warned on Friday that the government is monitoring speculative moves closely, noting that the current market environment is beginning to impact the national economy.
Katayama highlighted that speculative activity is not limited to foreign exchange, pointing to similar trends in Brent Crude Oil futures.
