1 of 1
Story summary
- Japan's Finance Minister Satsuki Katayama said on December 23 the government is prepared to intervene in the currency market.
- She said recent yen declines reflect speculation rather than fundamentals.
- The yen traded around 156 per U.S. dollar after her remarks.
- The remarks align with a Japan–United States joint statement endorsing market-determined rates and intervention during volatility.
- Weakness in the yen raises import costs and inflation, affecting households.
