Japan to maintain close communication with US on currency markets, Katayama says

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

TOKYO, Sept 11 : Japanese Finance Minister Satsuki Katayama said on Friday that the government will continue to closely communicate with the United States to ensure orderly foreign exchange markets.

"Our policy stance has not changed at all since Japan and the United States conducted the coordinated intervention and issued a joint statement," Katayama told a regular press conference.

"We will continue to maintain close communication with the U.S. Treasury and work to ensure orderly foreign exchange markets," she added.

Asked about U.S. Treasury Secretary Scott Bessent's recent warning to those betting against the yen, Katayama said his comments are "a pretty direct expression of his market views, which is very much what you'd expect from someone with a hedge fund background."

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here