{
  "id": 11338930,
  "title": "Japan’s Katayama says will beef up efforts to promote version of doge review of subsidies, funds",
  "url": "https://urgent.news/2026/10/02/japans-katayama-says-will-beef-up-efforts-to-promote-version-of-doge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T02:28:48.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japans-katayama-says-will-beef-up-efforts-to-promote-version-of-doge-review-of-subsidies-funds-202610020228"
  },
  "original_language": "en",
  "account": "Japanese Finance Minister Satsuki Katayama pledged on Friday to intensify efforts to boost the Japanese version of the doge review of subsidies and funds. Currently, there are approximately 200 existing funds, with a total value of around 7 trillion yen. Economy Minister Minoru Kiuchi expressed hope that the Bank of Japan (BoJ) would continue to maintain close communication with the government regarding policy guidance. He clarified that the BoJ no longer requires extraordinary monetary stimulus, as evidenced by its decision to discontinue yield curve control. Kiuchi refrained from commenting on monetary policy, which is the responsibility of the BoJ. In the meantime, the USD/JPY currency pair experienced a decline of 0.11% on the day, reaching 157.90. The Japanese Yen (JPY) is among the most actively traded currencies globally, with its value influenced by factors such as the performance of the Japanese economy, the Bank of Japan's policy decisions, the yield differential between Japanese and US bonds, and market sentiment. The BoJ's mandate includes currency control, and its actions have a significant impact on the value of the Yen. The BoJ's ultra-loose monetary policy from 2013 to 2024 led to a depreciation of the Yen against its major peers due to increasing policy divergence between the BoJ and other central banks. Recently, the gradual reversal of this policy has provided support to the Yen. Over the past decade, the BoJ's adherence to ultra-loose monetary policy has widened the yield differential between US and Japanese bonds, benefiting the US Dollar against the Japanese Yen. The BoJ's decision to gradually abandon the ultra-loose policy and cut interest rates following other major central banks' actions has narrowed this differential. The Japanese Yen is often considered a safe-haven investment, as investors tend to flock to the currency during periods of market turmoil because of its perceived reliability and stability. In times of uncertainty, the Yen's value is likely to strengthen against riskier currencies.",
  "summary": "Japanese Finance Minister (FM) Satsuki Katayama said on Friday that she will beef up efforts to promote the Japanese version of the doge review of subsidies and funds, adding that there are about 200 existing funds, worth about 7 trillion yen.",
  "key_points": [
    "Finance Minister Satsuki Katayama vows to strengthen Japanese doge review subsidies.",
    "Economy Minister Minoru Kiuchi expects BoJ to maintain policy communication.",
    "USD/JPY currency pair drops 0.11%, reaching 157.90."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}