Japan Prepared to Intervene in Currency Market Amid Speculation, Official Says

Japan's Finance Ministry official, Atsushi Mimura, stated on Friday that speculative activities in the market continue, indicating Japan's readiness to intervene to support the yen. According to Jin10, when asked about potential intervention by Tokyo in the currency market, Mimura said, "I do not intend to comment on the actions we will take next. But I want to tell you that Japan's Golden Week holiday has just begun." Mimura declined to comment on whether Japan intervened in the foreign exchange market on Thursday. When questioned about whether exchange rate fluctuations are still considered speculative, Mimura responded, "My view has not changed." Analysts note that due to the Golden Week holiday, Japan's stock market will be closed from Monday to Wednesday next week. This could lead to significant yen volatility due to insufficient market liquidity.