Japan’s finance minister said authorities are prepared to respond to movements in the currency market with bold steps if necessary, as the yen weakens toward a key threshold against the dollar amid ongoing Middle East tensions.
“We are watching developments with the utmost sense of urgency and stand ready to take bold measures if necessary. That is our stance on this matter,” Satsuki Katayama said in parliament on Monday. The phrase “bold steps” refers to market intervention in Japanese policymaker parlance.
Japan’s Katayama Says Ready to Take Bold Steps on FX as Needed
