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Katayama Mum on Possible Yen Intervention Amid Dollar Slide

Guavy AI Editorial Team
Instruments
JPY
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Japanese Finance Minister Satsuki Katayama declined to comment on possible foreign exchange intervention on Friday.

Katayama told reporters that she had 'no comment' regarding the matter, following a nearly 5 yen drop in the dollar's value against the yen to below 158 yen in overseas trading on Thursday.

The finance minister added that there is always a sense of tension surrounding exchange rates. Vice Finance Minister Atsushi Mimura also said 'no comment', stating that intervention would depend on acting appropriately.

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