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Japan's Finance Minister Signals Possible Yen Intervention Amid Volatility

11/30/2025

Summary

Story summary

Satsuki Katayama, Japan's finance minister, said recent yen weakness and foreign exchange volatility are not based on fundamentals and signaled possible currency intervention.
The remarks align with a Japan–United States joint statement advocating market-determined exchange rates.
Last week markets anticipated intervention to stabilize the yen, and it subsequently stabilized, as attention turns to Bank of Japan Governor Kazuo Ueda's upcoming speech that could indicate a December rate increase.

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Story summary

Satsuki Katayama, Japan's finance minister, said recent yen weakness and foreign exchange volatility are not based on fundamentals and signaled possible currency intervention.
The remarks align with a Japan–United States joint statement advocating market-determined exchange rates.
Last week markets anticipated intervention to stabilize the yen, and it subsequently stabilized, as attention turns to Bank of Japan Governor Kazuo Ueda's upcoming speech that could indicate a December rate increase.