TOKYO - Japan's Finance Minister Satsuki Katayama reiterated warnings of currency intervention, signaling "decisive action" in close coordination with the United States. The yen is nearing the psychologically significant 160 per dollar mark.
Katayama cited speculative activity in currency markets, influenced by volatile oil prices. "We can take decisive, strong action against those speculative activities, based on our agreement with the United States," she stated.
Discussions with the U.S. are ongoing and will continue without interruption. This emphasis on U.S. collaboration suggests potential joint measures to address the yen's weakness.