Japan’s Katayama Says Will Aim to Maintain Orderly FX Market
AI Summary
Finance Minister Satsuki Katayama reassured that Japan's commitment to stable foreign exchange markets remains unchanged, following recent joint intervention with the US. The yen surged to its highest level since February, prompting Katayama's comments. This stance underscores Japan’s dedication to avoiding abrupt currency fluctuations, which can have significant impacts on global trade and economic stability. The assurance comes at a crucial time when market volatility remains a concern for global investors.
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