Japan Finance Minister Katsunobu Kato declines to comment on specific forex levels

Published Sep 25, 02:13 AM UTC

Japanese Finance Minister Katsunobu Kato stated that he will not comment on specific foreign exchange levels or whether the government conducted rate checks. The remark, reported by financial news outlet Jin10, comes amid ongoing market speculation about potential intervention by Japanese authorities to support the yen. Kato's refusal to address the details of exchange rate policy or intervention tactics leaves traders without official confirmation of any recent steps taken by the Ministry of Finance. The statement reflects the standard cautious approach of Japanese officials regarding currency market operations, as they typically avoid confirming intervention to maintain market uncertainty and deter speculative attacks. No further details or context were provided in the brief report.

# Finance Minister Katsuyuki Katayama Comments on Foreign Exchange

Japan's Finance Minister, Katsuyuki Katayama, stated that he will not comment on specific foreign exchange levels or exchange rate checks.

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