小心日本飞出黑天鹅！日财务大臣发最强警告 日本恐随时采取汇市大胆行动

Core Viewpoint - Japan's Finance Minister Satsuki Katayama indicated that Japan has "ample room for action" to address currency fluctuations not aligned with fundamentals, marking her strongest warning to speculators to date [1][3]. Group 1: Currency Intervention - Katayama's comments suggest potential direct intervention in the currency market, especially after the recent depreciation of the yen despite the Bank of Japan's interest rate hike [1][2]. - The Japanese Ministry of Finance previously intervened in the foreign exchange market, spending approximately $100 billion to support the yen when it approached 160 yen per dollar [4]. - Katayama emphasized that the strategy for intervention will vary based on circumstances, indicating flexibility in response to market conditions [6]. Group 2: Economic Context - The Japanese government, under Prime Minister Sanae Takaichi, is focused on promoting stronger economic growth, which may exacerbate the country's fiscal challenges in the short term [1]. - The joint statement with the U.S. suggests that Japan may act without further consultation with the U.S. if necessary, indicating a level of autonomy in its currency policy [3]. Group 3: Market Reactions - Following Katayama's remarks, the yen strengthened, trading at approximately 156.75 yen per dollar in early Tokyo trading [1]. - The Bank of Japan's Governor Kazuo Ueda's comments post-decision led to further yen depreciation, as market participants were disappointed by the lack of stronger signals for additional rate hikes [2].