
Japanese Finance Minister Shunichi Suzuki and Chief Cabinet Secretary Hayashi have issued strong statements regarding the government's readiness to intervene in the foreign exchange market to counteract excessive movements in the yen. Suzuki highlighted that recent discussions in Washington with U.S. and South Korean counterparts have prepared the groundwork for potential action. Both officials emphasized the government's high sense of urgency and readiness to employ all available options to stabilize the currency, reflecting its underlying economic fundamentals. Additionally, Hayashi expects the Bank of Japan to work closely with the government. Suzuki, however, refrained from commenting on current specific forex movements.
