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Japan stands ready to take decisive action in currency market, finance minister says

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In short

Japanese Finance Minister Satsuki Katayama announced the government's preparedness to take decisive action in the currency market, committing to monitor market movements and fiscal policy impacts. This reflects a sense of urgency in addressing the yen's impact and long-term interest rates.

Key points

  • The government is prepared to take decisive action in the currency market.: The government is prepared to take decisive action in the currency market.
  • The government is committed to monitoring market movements and fiscal policy impacts.: The government is committed to monitoring market movements and fiscal policy impacts.
  • This reflects a sense of urgency in addressing the yen's impact and long-term interest ra…: This reflects a sense of urgency in addressing the yen's impact and long-term interest rates.

Sources checked by our analysis pipeline: 1

TOKYO, Oct 27 : Japanese Finance Minister Satsuki Katayama said on Tuesday the government stood ready to take decisive action in the currency market.

"We are always watching market moves, including now, with a high sense of urgency," Katayama told parliament, when asked about the impact the administration's fiscal policy could have on the yen and long-term interest rate moves.

Source: Reuters

Original source: www.channelnewsasia.com

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