Satuki Katayama Reiterates Japan Will Respond Appropriately to Yen Moves

Japan’s Finance Minister Satuki Katayama said on Friday that she would not comment on specific foreign-exchange levels and that the government was prepared to take appropriate measures to respond to currency volatility. According to Jin10, Katayama told a regular press conference that Japan’s government had been maintaining close contact with U.S. authorities on foreign-exchange issues. Addressing rising Japanese government bond yields, she said the government would work to implement fiscal policy in order to win market trust. Katayama said specific monetary policy decisions were for the Bank of Japan to make. She added that the central bank was expected to maintain close communication with the government and would adopt appropriate monetary policy to steadily achieve its price target. On the Bank of Japan’s economic blueprint, she said there was currently nothing new.