Japan’s Katayama says joint FX statement with US persists, will act against disorderly moves
Japanese Finance Minister (FM) Satsuki Katayama said on Monday that the Joint FX statement with the United States (US) persists and the government will act against disorderly moves.
Key quotes
Will strive to estimate tax revenue precisely, with increased transparency.
Joint FX statement with US persists, will act against disorderly moves.
Declines to comment on particular FX levels.
PM Takaichi says yen undervaluation poses problems.
Crucial to maintain stable FX markets.
Current levels neither good nor bad.
Conditions have gotten better than before.
Need to avoid chaotic fluctuations.
Market reaction
At the time of writing, the USD/JPY pair is up 0.14% on the day at 157.80.
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