Finance Minister Satsuki Katayama (片山さつき) said at a press conference after a Cabinet meeting that the policy response to currency movements had not changed since the Japan-U.S. coordinated intervention. As yen depreciation and dollar appreciation progressed temporarily, she indicated that Japan would continue to maintain close coordination with the U.S. Treasury to preserve an orderly foreign exchange market.
At a press conference after a Cabinet meeting, Finance Minister Satsuki Katayama (片山さつき) said her policy response to currency movements had not changed at all since the coordinated intervention was carried out.
The yen exchange rate briefly rose to the ¥152-per-dollar range that day, reaching its strongest level against the dollar in roughly six months.
She refrained from commenting on specific figures for the exchange rate, but emphasized her intention to work closely with the U.S. Treasury to maintain an orderly foreign exchange market.
Katayama said she would maintain ongoing communication with the U.S. Treasury and indicated that policy responses, including coordinated intervention, would continue.