Japan's finance minister Katayama said the government is prepared to take
appropriate measures against yen volatility but would not comment on specific
exchange-rate levels. She said Tokyo remains in close contact with US
authorities on FX. On rising JGB yields, Katayama said the government will seek
to implement fiscal measures to shore up market confidence. Monetary policy is
for the Bank of Japan to decide; she expects the BoJ to maintain close
communicate with the government and take appropriate policy to stabilize
progress toward its price target. There are no new details on the BoJ's economic
blueprint.
