Japan may act if US midterms fuel market volatility: finance chief
TOKYO (Kyodo) -- Japan will act in financial markets if they experience excessive volatility or speculative movements following the U.S. midterm elect
Japan may intervene in financial markets if U.S. midterm elections spark excessive volatility, Finance Minister Satsuki Katayama announced on Monday. Katayama pledged ongoing collaboration with Washington to address any disorderly movements or speculative actions in the markets. The Japanese government has expressed concern over the weakening yen, which negatively impacts Japan's energy-dependent economy.
Although the U.S. midterm elections could lead to changes, they will not immediately impact financial cooperation between the two nations, as President Donald Trump will continue to serve as the country's leader. Katayama emphasized her continued cooperation with Treasury Secretary Scott Bessent to maintain market-determined exchange rates and combat disorderly volatility through intervention.
The two countries reaffirmed their commitment to these principles in a joint statement in September 2025. Additionally, Japan and the U.S. carried out a rare joint intervention to support the yen in late July. Katayama assured that Japan and the U.S. will maintain close communication to respond effectively to any market developments.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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