Katayama urges G20 to monitor markets urgently

Finance Minister Satsuki Katayama calls for urgent G20 market monitoring amid yen weakness and global bond selloff.

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Katayama urges G20 to monitor markets urgently

Finance Minister Satsuki Katayama calls for urgent G20 market monitoring amid yen weakness and global bond selloff.

In brief

Finance Minister Satsuki Katayama calls for urgent G20 market monitoring amid yen weakness and global bond selloff. Japan's finance minister urges G20 to closely monitor financial markets with urgency as yen weakens and global bond yields rise. Originally reported by The Japan Times.

Katayama calls for urgent market monitoring

Finance Minister Satsuki Katayama speaks with her Indian counterpart, Nirmala Sitharaman, in Bangkok on Thursday. | BLOOMBERG

Finance Minister Satsuki Katayama urged Group of 20 policymakers to closely monitor financial markets with urgency amid yen weakness and global bond selloff.

“We reaffirmed our existing commitments on foreign exchange at the Group of 20 and other meetings”

Yen weakens after U.S. inflation data

The yen briefly touched ¥158.95 per dollar following hotter-than-expected U.S. inflation data but later rose in trading.

Japan prepares currency market action

Katayama warned speculators Japan is ready to take further action in the currency market if necessary after yen weakened to its lowest level against the dollar this month.

G20 discusses AI and bond yields

G20 discusses AI and bond yields

G20 finance chiefs discussed AI-driven bond yield surges and agreed to conduct tabletop exercises for frontier AI-related incidents.

Japan's fiscal sustainability stance

Japan is among few advanced economies with credible fiscal sustainability case as Prime Minister Sanae Takaichi aims to reduce debt-to-GDP ratio steadily.

Katayama chairs World Bank-IMF committee

Katayama confirmed her appointment as chair of the Development Committee, a joint World Bank and IMF forum for two years starting next April.

“I am deeply honored by this appointment and feel a profound sense of responsibility”

The essence

Japan's finance minister urges G20 to closely monitor financial markets with urgency as yen weakens and global bond yields rise.

Read the original on The Japan Times

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