Global Economy
Japanese Finance Minister Katayama reiterates will take appropriate action on FX anytime as needed
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Minister Katayama reiterated Japan's readiness for FX intervention while focusing on fiscal sustainability and BOJ independence. A potential shift in pension fund (GPIF) investments toward domestic assets is emerging as a support mechanism for the Yen.
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Says: Won't comment on specific FX levels. Interest rates and forex rates are determined by various factors. Will monitor market developments and economic indicators to achieve fiscal sustainability.
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