Japan’s Katayama Says Ready to Act for Stable FX Market

Currencies Japan’s Katayama Says Ready to Act for Stable FX Market Japanese authorities are prepared to respond if currency market movements become disorderly, acting in accordance with a standing pact with her US counterpart, Finance Minister Satsuki Katayama said, one day before the US holds its midterm elections. “If there are disorderly movements or excessively speculative moves, we will take action,” Katayama told reporters Monday. “We have also been coordinating and holding discussions with the US quite frequently, and I expect we will continue to respond in that way,” she said.