Japanese Finance Minister Reiterates Appropriate Response to Yen Exchange Rate

Odaily Planet Daily News Japanese Finance Minister Katsunobu Kato stated on Friday that he would not comment on specific foreign exchange levels, and the government is prepared to take appropriate measures to respond to currency fluctuations. During a regular press conference, Kato also emphasized that the Japanese government has been maintaining close communication with U.S. authorities on foreign exchange issues. Regarding the rise in Japanese government bond yields, she said efforts would be made to implement fiscal policies to win market trust.

Specific monetary policy decisions are left to the Bank of Japan, and it is expected that the BOJ will maintain close communication with the government and will adopt appropriate monetary policies to stably achieve price targets. Regarding the BOJ's economic blueprint, she stated there is nothing new to report at this time. (Jin Shi)