AdvertisementAdvertisementBusinessFILE PHOTO: Japan's Finance Minister Satsuki Katayama attends the upper house budget committee session at the parliament in Tokyo, Japan April 7, 2026. REUTERS/Issei Kato/File Photo03 Jul 2026 10:08AM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST TOKYO, July 3 : Japanese Finance Minister Satsuki Katayama said on Friday the government will respond appropriately on currency movements, reiterating her warnings as traders braced for possible intervention from the Japanese authorities."Our stance has not changed. We will respond appropriately at any time as needed," Katayama said at a regular press conference when asked about the yen's persistent weakness.Katayama also emphasised that the government has been in close contact with U.S. authorities on foreign exchange issues, "even when the U.S. is on holiday."The yen jumped suddenly against the dollar on Thursday, with traders alert to the prospect of intervention and jumpy about a possible new approach to official currency-buying.Show MoreShow LessTraders thought the move may have been too small to suggest intervention, but the yen soon caught a further boost as softer-than-expected U.S. jobs figures sent the dollar lower.The yen traded at 161.2 per dollar on Friday which compares with a 40-year low of 162.84 hit earlier this week.On the topic of surging Japanese government bond (JGB) yields, Katayama stressed the government's commitment to maintaining confidence in the bond market and the sustainability of public finances.Benchmark JGB yields jumped to a near 30-year high on Friday with investors concerned about the fiscal health of the Japanese economy.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST