Katayama signals readiness for forex steps as yen drops

Finance Minister Satsuki Katayama of Japan stated on Monday that the government is prepared to take decisive action to address volatility in the foreign exchange and financial markets. The remarks follow a significant decline in the yen, which has moved closer to the psychologically important 160-per-dollar mark. This trend has increased focus on the USD/JPY exchange rate and its potential implications for economic stability.