Japan's Finance Minister Reiterates Readiness to Take Appropriate Action on Yen Exchange Rate

Odaily Odaily reports that 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 in response 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 that earn market trust.

Specific monetary policy decisions are left to the Bank of Japan (BOJ), which is expected to maintain close dialogue with the government and implement appropriate monetary policies to stably achieve its price target. Concerning the BOJ's economic outlook, she stated that there is nothing new to report at this time. (Jinshi)