Finance Minister Satsuki Katayama has said that authorities are always ready to take steps as needed on currencies — days after the release of data showing that authorities conducted a record spate of currency intervention in the period between late April and late May.
“Oil and other spot markets have also been moving quite significantly, and volatility remains elevated,” Katayama told reporters Tuesday. “As for foreign exchange, we continue to maintain our stance that we stand ready to take appropriate action at any time, as needed.”
She added that ministry officials remain in close contact with their counterparts in Washington with regards to foreign exchange trends.
