Katayama Urges G20 to Monitor Financial Markets Closely
Japan’s finance minister called for urgent market monitoring as the yen faced renewed pressure and global bond yields rose.
Key takeaways
- Katayama urged G20 policymakers to monitor financial markets with urgency.
- She said Japan was prepared to act in currency markets again if necessary.
Japan’s Finance Minister Satsuki Katayama urged G20 policymakers to monitor financial markets with a “high sense of urgency” at meetings in Bangkok. Her call came amid renewed pressure on the yen and a recent global bond selloff.
Katayama also warned that Japan was prepared to intervene in currency markets again if necessary. The yen had weakened to ¥158.95 per dollar after U.S. inflation data, before paring losses as Treasury yields declined.
At the meetings, officials also discussed global bond yields and investment in AI and data centers. Katayama said governments needed credible fiscal sustainability targets and room in their budgets for growth-enhancing investment.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
