TOKYO, March 3 - Japanese authorities are closely monitoring global financial markets with an "extremely strong sense of urgency," according to Finance Minister Satsuki Katayama. Amidst market volatility driven by the Middle East conflict and a weakening yen, Katayama stated Japan is in close contact with international financial officials.
The yen has fallen against the dollar, trading around 157.3 yen as concerns over rising oil prices and safe-haven buying impact currencies. Katayama emphasized the possibility of currency intervention, stating, "We will respond with an even greater sense of urgency."
She highlighted the importance of maintaining close communication with global counterparts and carefully assessing the situation to take necessary measures.