Japan, US Finance Chiefs Affirm Close Coordination On Currency: Katayama

TOKYO, May 12 (Bernama-Kyodo) -- Japanese Finance Minister Satsuki Katayama said Tuesday she agreed with U.S. Treasury Secretary Scott Bessent to closely coordinate on movements in the currency market and that Japan's stance has been "fully supported.", Kyodo News reported.

"We are in good coordination regarding recent currency movements," Katayama told reporters after meeting Bessent at the Finance Ministry in Tokyo.

Japanese authorities intervened on April 30 to curb the yen's fall to the upper 160 level against the U.S. dollar, according to government sources, and have likely conducted more yen-buying operations in early May.

-- BERNAMA-KYODO