Japan's Finance Minister Avoids FX Comments, Signals Policy Coordination

Finance Minister Masato Katayama said he would not comment on specific foreign‑exchange levels, noting the government is prepared to respond appropriately to currency fluctuations.

Officials will closely monitor developments and maintain close cooperation with the United States on the FX market, even during U.S. holidays.

In response to rising Japanese government bond yields, the government will focus its fiscal policy on preserving investor confidence, while the Bank of Japan is expected to pursue monetary policy in close coordination with the government. The new economic plan contains no new initiatives regarding the BOJ.