Finance Minister Satsuki Katayama told reporters in Paris that her G-7 counterparts understand Japan's stance and that she will take bold action as needed to support the yen, Bloomberg News reported Wednesday.
Her remarks followed the first G-7 meeting since Japan's suspected yen-buying interventions began late last month, with the communique reaffirming that excess currency volatility can harm economies, the news wire said.
Following Katayama's remarks, the yen strengthened to around 158.82 against the dollar, recovering from its weakest level since the government last intervened on April 30, the publication said.
Separately, Bank of Japan Governor Kazuo Ueda reiterated at the same press conference that he will continue conducting monetary policy to secure stable inflation while watching for upside risks, the report said.
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