Japan's Stance on Currency Intervention

Finance Minister Katsunobu Kato of Japan has publicly denied allegations of the country intentionally weakening the yen. Speaking to lawmakers in parliament, Kato emphasized, "Japan does not manipulate the currency market to intentionally weaken the yen, as seen by the fact our latest action was to conduct yen-buying intervention."

Response to International Concerns

The statement was a direct response to concerns raised by international leaders, notably United States President Donald Trump. In March, Trump had warned both China and Japan against devaluing their currencies, claiming to have communicated his stance directly to their leaders.

Kato's remarks aim to clarify Japan's position and reassure global markets of its commitment to fair currency practices.