Reported about 1 month ago
Japan's Finance Minister Katsunobu Kato warned against speculative currency movements as the yen continues to decline, emphasizing the need for stability in exchange rates. He highlighted that current fluctuations, particularly the dollar surpassing 153 yen, could be detrimental, affecting households and retailers amidst rising import costs. Kato noted that the G20 finance leaders did not discuss currency issues during their meeting, though Japan's monetary policies and past interventions have shaped the yen's current weakness.
Source: YAHOO