Japan Finance Minister Reiterates Readiness to Respond Appropriately to Yen Fluctuations

Odaily Odaily reported on Friday that Japanese Finance Minister Satsuki Katayama stated she would not comment on specific foreign exchange levels, emphasizing that the government is prepared to take appropriate measures in response to currency volatility. During a regular press conference, Katayama also stressed that the Japanese government has maintained close communication with U.S. authorities on foreign exchange matters. Regarding the rise in Japanese government bond yields, she stated that efforts will be made to implement fiscal policies to earn market trust.

Specific monetary policy decisions are to be made by the Bank of Japan (BOJ), and it is expected that the BOJ will maintain close communication with the government, adopting appropriate monetary policies to stably achieve its price target. Regarding the BOJ's economic outlook, she indicated there is nothing new to add at this time. (Jin Shi)