Overview
- Finance Minister Satsuki Katayama said she cannot endorse her March remarks that suggested a 120–130 per dollar level reflected Japan's economic strength.
- She made the statement in an interview with TV Tokyo recorded Thursday afternoon.
- Katayama described the Bank of Japan's decision to keep interest rates unchanged as extremely reasonable given current conditions.
- The yen most recently traded around 154.20 per dollar after weakening following the BOJ decision.
- She said market moves often diverge from real demand and that the government should focus on sound fundamentals and maintaining credibility.