Japan's Katayama: Ready to act appropriately on currency fluctuations
Japan’s Finance Minister Satsuki Katayama said on Friday that officials are ready to act appropriately on currency fluctuations. However, Katayama decllined to comment on specific currency levels.
Key quotes
Won't comment on specific currency levels.
Ready to act appropriately on currency fluctuations.
To implement suitable economic policy, oversee developments.
Coordinating closely with US on forex, even during US holiday.
To pursue fiscal policy aimed at boosting market confidence amid rising JGB yields.
Specific monetary policies fall to BoJ.
Expect BoJ to implement suitable monetary policy in coordination with government.
Market reaction
At the time of writing, USD/JPY is down 0.01% on the day at 161.08.
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