Japan’s Finance Minister Satsuki Katayama told parliament that the government is watching the recent depreciation of the yen with great interest, suggesting it is increasing its vigilance over currency trends.
Asked whether a weaker yen could hinder wage growth by raising import costs, the minister said: “According to Western media, we are closely monitoring recent developments with great interest.”
He added that the Japanese government maintains very close communication with the United States, stressing that “we will continue our dialogue to ensure that concerns raised about exchange rate impacts do not materialize.”
At the start of trading today (Friday), the US currency stabilized at 155.99 yen against the Japanese currency.
Japan’s Finance Minister Satsuki Katayama has signaled increased vigilance over currency developments, telling parliament that the government is closely monitoring the recent depreciation of the yen with great concern.
“According to Western media, we are closely monitoring recent developments with great concern,” the minister said in response to a question about whether the weaker yen could hinder wage growth by increasing import costs.
He added that the Japanese government maintains very close communication with the United States, asserting that “we will continue our dialogue to ensure that concerns raised about exchange rate impacts do not materialize.”
At the start of trading today (Friday), the American currency stabilized at 155.99 yen against the Japanese currency.
