According to Odaily Planet Daily citing Jinshi, Japan's Prime Minister Takako Sanae made remarks on the foreign exchange market today. She emphasized that the authorities are ready to "take appropriate measures whenever necessary."
Japan's Ministry of Finance typically handles actual currency intervention, while the prime minister's statements represent the highest policy-level voice. As a major global economy, Japan relies heavily on exchange rate stability for its domestic economic health. Historically, Japan has used both verbal warnings and direct market intervention to curb excessive yen volatility. In her latest remarks, Sanae did not specify the tools or triggers that might be used. Japan holds the world's second-largest foreign exchange reserves, providing ample ammunition for any potential market operations.