Japan to maintain close communication with US on currency markets, Katayama says

Japanese Finance Minister Satsuki Katayama affirmed on September 11 that Tokyo will maintain close dialogue with Washington to ensure the stability of foreign exchange markets. The minister emphasized that Japan's policy stance has remained unchanged since the government and the United States cooperated in intervening in currency markets and subsequently released a joint declaration.

Katayama stated that the communication with the U.S. Treasury Department will persist, with the aim of sustaining orderly foreign exchange markets. When queried about U.S. Treasury Secretary Scott Bessent's recent cautionary remarks directed at those speculating against the yen, Katayama described the comments as a "pretty direct expression of his market views," which is consistent with the perspective one might anticipate from an individual with a background in hedge fund management.