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Japan Readies Action as Yen Approaches 160 per Dollar

3/16/2026

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Summary

Story summary

Japan's Finance Minister Satsuki Katayama says the government is ready to act against forex volatility as the yen nears 160 per dollar.
The warning follows joint concerns by Japan and South Korea over currency depreciation from strong dollar demand amid Middle East tensions.
Authorities are prepared to intervene if market conditions become disorderly.
Prime Minister Sanae Takaichi will discuss the Middle East with U.S. President Donald Trump.

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Story summary

Japan's Finance Minister Satsuki Katayama says the government is ready to act against forex volatility as the yen nears 160 per dollar.
The warning follows joint concerns by Japan and South Korea over currency depreciation from strong dollar demand amid Middle East tensions.
Authorities are prepared to intervene if market conditions become disorderly.
Prime Minister Sanae Takaichi will discuss the Middle East with U.S. President Donald Trump.