Japan's Katayama: Japan lacks effective means to combat yen's sharp falls

Japan ruling party official Katayama:

  • Japan lacks effective means to combat yen's sharp falls
  • conducting solo fx intervention likely won't be that effective in stemming sharp yen falls

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These hardly seem like helpful comments given Japanese officials want to stem the decline of the yen.

BOJ Governor Kuroda

"Not now Katayama"

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