Japan’s Katayama warns that all options open to aid Japanese Yen

Japan’s Finance Minister Satsuki Katayama said that all options, including direct currency intervention, are available for dealing with recent weakness in the Japanese Yen (JPY), Bloomberg reported on Friday.

Key quotes

I have repeatedly stated that we will take bold action including all the different measures available. if needed

We shared the view that recent moves have been excessive and do not reflect fundamentals.

For many years before I took office, the Treasury secretary has held the personal view that monetary policy has been behind the curve.

Market reaction

As of writing, the USD/JPY pair is down 0.24% on the day at 158.25.