Tokyo, June 2 (Jiji Press)–Japanese authorities stand ready to respond appropriately as needed to volatile foreign exchange market moves, Finance Minister Satsuki Katayama said Tuesday. At a news conference after a cabinet meeting, Katayama expressed a view that the yen’s exchange rates remain volatile amid uncertainty surrounding the Strait of Hormuz, a strategic chokepoint. She declined to comment when asked about the yen’s return to levels near those seen just before the government and the Bank of Japan intervened in the currency market in late April. Katayama added that she remains in close contact with U.S. Treasury Secretary Scott Bessent, saying, “Both sides continue to closely monitor market developments.” END [Copyright The Jiji Press, Ltd.]
Japan Signals Readiness to Act on Forex Moves
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