Japan’s Kato wants to watch the currency market with a sense of urgency, including speculative moves

Japan’s Finance Minister Katsunobu Kato said he “wants to watch the currency market with a sense of urgency, including speculative moves.”

Other comments

Will communicate in detail with the markets.

It will aim to exit deflation soon, working closely with the BoJ, based on the joint statement by the government and the BoJ.

Market reaction

USD/JPY is holding back near 146.85 following these comments above, adding 0.26% on the day.