Japan's Finance Minister Reiterates Readiness to Respond Appropriately to Yen Movements

Odaily Odaily reported that Japanese Finance Minister Katsunobu Kato stated on Friday that the government will not comment on specific foreign exchange levels and 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 US authorities on foreign exchange issues. Regarding the rise in Japanese government bond yields, she expressed that efforts will be made to implement fiscal policies to gain 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 adopt appropriate monetary policies to stably achieve price targets. Regarding the BOJ's economic blueprint, she stated that there is nothing new to report at this time. (Jin Shi)