Japan's Finance Minister Reiterates Commitment to Appropriate Response to Yen Exchange Rate

Odaily Planet Daily News In a regular press conference on Friday, Japanese Finance Minister Satsuki Katayama stated that she would not comment on specific foreign exchange levels, but the government is prepared to take appropriate measures in response to currency fluctuations. Katayama also emphasized that the Japanese government has been maintaining close communication with US authorities regarding foreign exchange issues. On the topic of rising Japanese government bond yields, she expressed that efforts will be made to implement fiscal policies that earn market trust.

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