Japan's finance minister declines to comment on yen intervention

Japan's Finance Minister Satsuki Katayama declined to comment on potential yen intervention. Speaking to reporters in Samarkand, Uzbekistan, on May 3, she said, 'As finance minister, at this stage I'm not in a position to comment.'

Japan's Finance Minister Satsuki Katayama spoke to reporters in Samarkand, Uzbekistan, on May 3. Asked about potential intervention in the yen market, she responded, "As finance minister, at this stage I'm not in a position to comment."

The remark comes amid attention on responses to recent yen fluctuations. The finance ministry considers interventions to stabilize exchange rates but avoided specifics here.

Katayama, who oversees Japan's economy and currency policy, faces frequent questions from reporters at home and abroad. Her statement reflects ongoing market interest.

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Finance Minister Koo Yun-cheol at a podium with screens showing volatile exchange rates in the background.
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Finance Minister signals extra vigilance on foreign exchange volatility

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Finance Minister Koo Yun-cheol said Friday the government is taking extra vigilance over recent volatility in the foreign exchange market.

Following its May 1 intervention that propelled the yen higher, Japan's Vice Minister of Finance Satsuki Katayama stated on May 5 that the country can conduct two more interventions before November under IMF guidelines. Authorities also warned traders to stay alert as yen battles intensify.

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On May 1, 2026, Japan's yen surged after the government confirmed intervention in foreign exchange markets, following a 'final' warning from authorities amid the currency's slide to near four-decade lows against the dollar. The move reversed months of weakness, building on earlier speculation in January.

The Japanese government has asked Asian private equity firm MBK Partners to halt its acquisition of machine tool maker Makino Milling Machine, citing national security concerns. Finance Minister Satsuki Katayama told parliament that the ministry determined the deal risks undermining security due to Makino's role in defense equipment production. This is only the second such case under foreign investment laws.

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