TOKYO (Reuters) -Japanese Finance Minister Satsuki Katayama said on Friday that the government has been monitoring foreign exchange movements with a high sense of urgency after the yen plunged to around 154 per U.S. dollar.
“We have been recently seeing one-sided, rapid moves,” Katayama said at a regular news conference. “The government will monitor, with a high sense of urgency, excessive fluctuations and disorderly movements, including those driven by speculators.”
Asked about U.S. Treasury Secretary Scott Bessent’s recent comment that Japan’s government should give the central bank scope to raise interest rates, Katayama said Bessent “has not said anything that we can’t do.”
(Reporting by Makiko Yamazaki; Editing by Christian Schmollinger)
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