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29.05.202600:26:23UTC+00Japan Signals Readiness to Act Against Yen Volatility

Japan’s Finance Minister Satsuki Katayama said Friday that authorities stand ready to respond to excessive volatility in the foreign exchange market, reiterating the government’s willingness to intervene as the yen weakens toward the closely watched ¥160-per-dollar level. “As I have said for quite some time, when there is volatility or speculative movement, we can take decisive action,” Katayama told a regular press conference. Markets are also awaiting new intervention data from the Finance Ministry, due later Friday, covering currency operations conducted since late April.

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