Concerns Over Yen Volatility

Japan's Finance Minister, Katsunobu Kato, has recently highlighted the critical need for stability in currency movements. He expressed particular concern over the effects of speculative activities on the yen's value, emphasizing the potential risks they pose to the economy.

Commitment to Economic Stability

While Kato refrained from commenting on the feasibility of achieving Japan's primary budget surplus target by the next fiscal year, he reassured the public of the administration's unwavering commitment to maintaining economic stability. This includes taking necessary actions to counteract any sharp movements in the yen that could destabilize the market.

Action Against Sharp Yen Moves

In a statement made a day prior, Kato voiced his apprehensions regarding one-sided yen movements and pledged to implement measures to mitigate such sharp fluctuations. This move underscores the government's proactive stance in safeguarding the economy against volatile currency dynamics.