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Japan is Ready to Act on FX at Anytime, Katayama Says Before BOJ
April 28, 2026 at 12:59 AM UTCJapan’s authorities stand ready to respond as needed to moves in the currency market around the clock, the finance minister said, in a warning to speculators just hours before the Bank of Japan’s policy decision.“I have consistently referred to taking bold action when needed,” Finance Minister Satsuki Katayama told reporters on Tuesday. “We’re ready to respond 24 hours a day,” she added, when asked whether the government remains on alert as Japan prepares to enter the Golden Week holiday period.
Katayama: Will continuously communicate with US on FX
Japan’s Finance Minister Satsuki Katayama emphasized ongoing close coordination with U.S. officials on foreign exchange market developments, as the yen remains under pressure near the 160-per-dollar level. Speaking at Bloomberg’s New Voices event in Tokyo, Katayama stated that Japanese authorities are in “constant close contact” with their U.S. counterparts and retain the flexibility to intervene if necessary according to Bloomberg. She reiterated that past interventions had a measurable impact and that the government is closely monitoring market movements for signs of speculative activity as Bloomberg reported.The yen’s weakness has raised concerns over inflationary pressures and higher import costs, particularly for energy, as Japan remains heavily reliant on oil imports amid ongoing Middle East tensions according to Reuters. Katayama also highlighted the importance of communication with U.S. Treasury Secretary Scott Bessent, following their recent meeting in Washington, where they agreed to intensify dialogue on exchange rate stability Reuters reported. The yen traded at approximately 159.73 per dollar on Thursday evening according to Bloomberg, with expectations that it will remain vulnerable as the Bank of Japan is widely anticipated to maintain its current monetary policy stance at its upcoming meeting.
Katayama said Japan can intervene freely against one-way speculative ...
Japan's Finance Minister Satsuki Katayama said on Thursday that the government has a "free hand" to carry out stealth foreign exchange interventions against one-way speculative moves in the Japanese yen. Katayama also said finance leaders are watching the Middle East situation cautiously.
Japan Katayama Speculation Warning: Decisive Action Looms as Yen Crisis ...
The Bank of Japan (BOJ) faces mounting pressure to stabilize the national currency. Japan Katayama Speculation Warning: The Context Behind the Statement Katayama's remarks arrive during a period of intense yen weakness. The currency has fallen to multi-decade lows against the US dollar. Speculators have increased short positions on the yen.
