Japan’s Katayama Says Ready to Take Action on Forex at Any Time

Japan’s finance minister said authorities are fully prepared to take action against currency moves if needed at any time, as traders test the dollar’s upside against the yen ahead of a Bank of Japan policy decision later in the day.

“We’re maintaining a very high sense of urgency,” Finance Minister Satsuki Katayama said Thursday in a post-cabinet meeting press conference. “We are prepared to respond fully at any time, having the impact of currencies on people’s lives in mind,” she said.