Japan’s Katayama says ready to act appropriately on currency shifts whenever necessary
Japan’s Finance Minister Satsuki Katayama delivered a verbal intervention on Friday, saying that authorities prepared to take decisive steps on foreign exchange.
Key quotes
US Treasury's forex report referenced US Japan joint statement calling excessive currency swings undesirable.
Won’t discuss specific currency levels.
Japan and U.S. maintain round-the-clock communication.
Ready to act appropriately on currency shifts whenever necessary.
Prepared to take decisive steps on forex.
Market reaction
At the time of writing, USD/JPY is down 0.02% on the day at 163.83.
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