Japan’s Katayama renews FX warnings after US CPI heats up
She said that Japan is among the few advanced economies in a position to make a credible case for fiscal sustainability
Japanese Finance Minister Satsuki Katayama has reaffirmed her stance on foreign exchange markets, warning speculators that she is prepared to take action if necessary. The yen recently hit its weakest level against the dollar this month after US inflation figures indicated hotter-than-expected consumer price growth. Katayama emphasized that Japan is among the few advanced economies capable of demonstrating fiscal sustainability, vowing to maintain a clear message on government debt reduction.
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