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Summary Japan said it coordinated yen-buying intervention with the U.S. on Friday to curb excessive currency volatility, warning it stands ready to take further action if disorderly market moves continue.
TOKYO (Reuters) - Japan's Finance Ministry said it conducted coordinated yen-buying intervention with the United States on Friday to address recent "excessive volatility and disorderly movements" in the yen, adding it would not hesitate to take further action.
In a statement issued on Monday, Finance Minister Satsuki Katayama said the ministry "remains attentive and in close communication with counterparts at the U.S. Treasury".
