Overview
- Finance Minister Satsuki Katayama said recent yen moves are sharp and one-sided and that officials are watching the market with a high sense of urgency.
- Katayama stated that currency intervention is an option and pledged appropriate measures under the Japan–U.S. forex agreement.
- She reported meeting with BOJ Governor Kazuo Ueda and the economy minister, where the three reaffirmed close coordination on market developments.
- According to Katayama’s account of the meeting, Ueda said the BOJ will gradually adjust the degree of monetary support as economic and price conditions improve.
- Katayama said the government will issue debt to fund part of a stimulus package as needed, while market commentary framed her remarks as verbal intervention that could foreshadow coordinated action.