Japan Signals Readiness to Intervene as Yen Hits 40-Year Low
Japanese Finance Minister Satsuki Katayama has warned that the government is prepared to act decisively to counter excessive declines in the yen, which recently hit a four-decade low. Tokyo is maintaining close communication with U.S. Treasury officials to coordinate responses to currency volatility, with traders closely monitoring the 160 yen per dollar threshold. Policymakers face a complex economic dilemma as they attempt to stabilize the currency while simultaneously managing rising bond yields. This fiscal pressure has put currency traders on high alert, as the government seeks to balance market stability without triggering further economic instability.
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Japanese policymakers said on Tuesday they stood ready to act decisively against excessive yen falls while remaining vigilant to rising bond yields that could hurt the economy, highlighting the dilemma they faced in countering unfavourable market moves.
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