Japan’s Katayama says authorities ready to take bold steps on yen as needed

AI Summary

Japan's Finance Minister Katayama signaled that authorities stand ready to take bold measures to address yen weakness, with the currency trading near its lowest levels against the dollar this year. Market volatility has been exacerbated by ongoing conflict in the Middle East. The remarks highlight Japan's growing concern over currency stability amid global geopolitical and financial pressures.

The finance minister’s remarks come as the yen trades near its weakest levels against the dollar this year with markets remaining volatile due to conflict in the Middle East.