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Updated · Bloomberg · May 29Japan Reiterates FX Intervention Threat as Volatility Data Looms for the Past 1 Month
5 articles · Updated · Bloomberg · May 29
- Satsuki Katayama said Friday that Japan can take “bold action” in the foreign-exchange market if volatility spikes or speculative trading emerges.
- The finance minister said that stance is unchanged from past administrations, signaling continuity in Tokyo’s readiness to support the yen.
- The remarks came ahead of data expected to confirm Japanese authorities intervened at some point during the past month.
- That timing keeps official pressure on currency markets as investors watch for signs of renewed yen-support operations.
Is Japan's multi-trillion yen defense a losing battle against its own central bank's interest rate policy? As global imbalances worsen, are the U.S. and Japan heading towards a modern-day Plaza Accord?