Japan finance minister says ready to act as central banks meet
The gist
Japanese Finance Minister Satsuki Katayama said the government stood ready to take decisive action in the currency market.
Japan holds about $1.2 trillion in reserves, so its stance matters for the yen.
How it unfolded
- Oct 26, 2026The euro rose 0.10% to $1.1228 and the dollar index was little changed at 101.80 ahead of a busy week of central bank meetings; markets priced over 90% odds the Fed would hold near 4.00% and over 97% odds the ECB would keep its deposit rate at 2.50%.
- Oct 27, 2026Finance Minister Satsuki Katayama said the government stood ready to take decisive action in the currency market.
- Oct 29, 2026Private-sector members of the CEFP proposed actively using the foreign exchange special account's surplus to fund spending.