Japan’s Katayama Says Always Ready to Take Steps on Currencies as Needed

Japanese Finance Minister Satsuki Katayama said authorities are always ready to take steps as needed on currencies — days after the release of data showing that authorities conducted a record spate of currency intervention in the period between late April and late May.

“Oil and other spot markets have also been moving quite significantly, and volatility remains elevated,” Katayama told reporters on Tuesday. “As for foreign exchange, we continue to maintain our stance that we stand ready to take appropriate action at any time, as needed.”