Business · Markets · 36 mins ago
Japan Ready to Respond to Disorderly Currency Moves, Katayama Says
Japan is prepared to respond to disorderly currency-market movements, Finance Minister Satsuki Katayama said.
She was speaking for Japanese authorities.
Katayama said any response would follow a standing pact with her US counterpart.
Her comments came one day before US midterm elections.
The stated aim is to support stable currency markets.
Katayama did not specify what action Japan might take or when it might happen.
Japanese authorities are prepared to respond if currency market movements become disorderly, Finance Minister Satsuki Katayama said.
Katayama said Japan would act in accordance with a standing pact with her U.S. counterpart.
She made the remarks one day before the U.S. midterm elections.
- Who
- Japanese Finance Minister Satsuki Katayama.
- What
- She said Japanese authorities are prepared to respond if currency market movements become disorderly.
- When
- One day before the U.S. midterm elections.
- Where
- Not stated.
- Why
- To support a stable foreign exchange market and respond to disorderly currency movements.
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- Speaker
- Satsuki Katayama
- Response condition
- Disorderly currency market movements
- Pact
- Standing pact with her U.S. counterpart
- Timing
- One day before the U.S. midterm elections
2 sources
What people are saying
Japanese authorities are prepared to respond if currency market movements become disorderly, acting in accordance with a standing pact with her US counterpart