Japan's Finance Minister Raises Alarm Over Yen's Rapid Decline in Currency Market

Japans Finance Minister Satsuki Katayama expressed concern over the yens rapid decline following the Bank of Japans interest rate decision, highlighting potential market instability.

• At a press conference in Tokyo, Finance Minister Satsuki Katayama warned about the yens one-sided, rapid decline in the currency market after the Bank of Japans recent decision.
• Katayama emphasized the need to monitor excessive and disorderly movements in the currency market, particularly due to speculative trading that could destabilize the yen further.
• The Bank of Japans decision to maintain unchanged interest rates has contributed to the yens volatility, prompting concerns from officials about its impact on the economy.