politics
Japan Finance Minister Says Government Will Act If Needed on Yen
Satsuki Katayama said July 18 the government would take decisive action if necessary. The yen remains near its lowest level in four decades.
Jul 17, 10:36 PM·1m read1 source
The Japan TimesAudio version
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Japan's Finance Minister Satsuki Katayama said July 18 that the government would take decisive action in the currency market if necessary. The statement used phrasing that typically signals direct intervention in foreign exchange trading. Katayama had warned of bold action at the end of June.
Since then she has mostly referred to taking appropriate action. She declined to comment on specific yen levels. The yen continues to hover near its lowest level in four decades, The Japan Times reported.
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