Japan vows G7 cooperation as yen stays near 160 level
Katayama says Japan will coordinate with G7 partners as markets remain volatile. The yen sits near 160 per dollar while bond yields hit multi-decade highs.
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Japan's Finance Minister Satsuki Katayama stated on Tuesday that the government will maintain close coordination with Group of Seven (G7) nations as global financial markets continue to experience high levels of volatility. Katayama noted during a press conference that G7 finance ministers and central bank governors recently reached a shared understanding that geopolitical developments in the Middle East and significant swings in Brent Crude Oil prices are exerting a broad impact across global markets.
Our stance has been that we will continue to stay in close contact and ensure that we clearly communicate our message.
