Japan Signals Potential Intervention in Currency Market to Stabilize Yen

Finance Minister Shunichi Suzuki emphasizes the readiness to act against excessive yen volatility following a trilateral meeting with the U.S. and South Korea.

• Finance Minister Suzuki highlighted the impact of a weak yen on rising import costs and the shared concerns in recent trilateral discussions.
• Suzuki stated that recent meetings have prepared the groundwork for potential intervention in the currency market, though specifics were not disclosed.
• Japan's focus on currency stability comes amid significant yen depreciation, reaching its weakest level against the dollar since 1990.
• Market watchers anticipate possible intervention by Tokyo to support the yen, given the heightened market alertness.
• The last currency market intervention by Japan occurred in 2022, aiming to bolster the yen's value.

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