### Japan’s Finance Minister on Yen Volatility Japan’s Finance Minister Satsuki Katayama stated that recent sharp movements of the yen are clearly not driven by economic fundamentals. The comment comes amid rising concerns over the currency’s instability against the US dollar, which has complicated monetary policy efforts. Katayama emphasized that such speculative fluctuations are “undesirable” for the economy and said the government remains closely engaged with the Bank of Japan to monitor developments. She reiterated that authorities stand ready to take appropriate measures if excessive volatility persists. ### Policy Coordination and Market Outlook Officials in Tokyo have previously signaled caution about direct currency intervention but maintain that they are prepared to act against disorderly moves. Analysts note that the government’s focus is now on maintaining stability ahead of upcoming economic data releases that could further influence yen trading. > “It is clear that foreign exchange movements are not based on fundamentals,” Katayama said, underscoring the need for continued vigilance in financial markets. ### Author’s Note Japan’s finance minister attributed recent yen fluctuations to speculative forces rather than economic fundamentals, suggesting potential action to stabilize markets.

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Bloomberg — 2025-11-30