Global Economy
Japanese Finance Minister Katayama says US Treasury's FX report cited US-Japan joint statement that says excessive FX volatility is undesirable, adds Japan and US closely communicating 24 hours, while she won't comment on specific FX levels
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Katayama reaffirms US-Japan cooperation against excessive FX volatility, signaling readiness for 'decisive action' while leveraging the US Treasury report to justify potential interventions to support the weak yen.
News detail
Says: Ready to respond appropriately to currency moves at any time as needed. Ready to take decisive action on Forex.
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