PARIS – Japan stands ready to act against excessive foreign exchange volatility at any time, while ensuring that any yen-buying, dollar-selling intervention is conducted in a way that avoids pushing up U.S. Treasury yields, officials said on Monday.
“As we have stated previously, we will respond appropriately at any time if necessary” against excessive currency volatility, Finance Minister Satsuki Katayama told reporters after the first day of a Group of Seven finance leaders’ two-day gathering.
She told her counterparts at the G7 meeting that fluctuations in crude oil prices continue to spill over into foreign exchange rates and government bond yields.
