Japan Is Ready to Act on FX at Anytime, Katayama Says Before BOJ

Japan’s authorities stand ready to respond as needed to moves in the currency market around the clock, the finance minister said, in a warning to speculators just hours before the Bank of Japan’s policy decision.

“I have consistently referred to taking bold action when needed,” Finance Minister Satsuki Katayama told reporters on Tuesday. “We’re ready to respond 24 hours a day,” she added, when asked whether the government remains on alert as Japan prepares to enter the Golden Week holiday period.