Japan’s Katayama on Constant Close Contact With US on FX

Japanese Finance Minister Satsuki Katayama said Japan is in close communication with the U.S. on foreign exchange policy. The remarks are broadly reassuring but contain no new policy action, size, or timing. Market impact is likely limited unless the coordination leads to intervention or a change in FX guidance.

Analysis

Japanese Finance Minister Satsuki Katayama said Japan is in close communication with the U.S. on foreign exchange policy. The remarks are broadly reassuring but contain no new policy action, size, or timing. Market impact is likely limited unless the coordination leads to intervention or a change in FX guidance.