Japan’s Katayama Says Takaichi Wasn’t Emphasizing Weak Yen Merit

Japan’s Finance Minister Satsuki Katayama said that Prime Minister Sanae Takaichi wasn’t overly highlighting the benefits of a weak yen at the weekend, in a move that suggested she was trying to preserve speculation over government intervention risks.

“She merely gave a textbook response on the yen and wasn’t particularly emphasizing the merits of a weak yen,” Katayama told reporters Tuesday. She added that she agreed with Takaichi’s stance that a weak yen has both pros and cons.