Japan's finance minister vows action as yen breaches 160 threshold

Advertisement Business Japan's finance minister vows action as yen breaches 160 threshold 13 Nov 2026 09:51AM (Updated: 13 Nov 2026 10:15AM) Bookmark Bookmark Share WhatsApp Telegram Facebook Threads Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST TOKYO, Nov 13 : Japan's government will respond appropriately to currency volatility, Japanese Finance Minister Satsuki Katayama said on Friday, renewing her warning as the yen briefly crossed the key 160 per dollar threshold. "Recent movements in the foreign exchange market have been one-sided and rapid," Katayama said at a regular news conference. "We will continue to work closely with the US Treasury and respond appropriately," she added. The yen fell to as low as 160.03 per dollar, crossing 160 for the first time since early September, following a hawkish reassessment of the Federal Reserve's interest-rate path. Katayama's remarks followed a similar warning from top currency diplomat Atsushi Mimura on Thursday, who said it is "too early to forget" this summer's intervention. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Japan last conducted interventions on three days between July 30 and August 3, spending a record total of 15.4 trillion yen ($96.47 billion), as the Japanese currency reached its weakest levels in 40 years near 164 per dollar. The Federal Reserve Bank of New York's quarterly report on currency market operations on Thursday said that it bought 79.4 billion yen in the spot market on July 31, selling euros from the Exchange Stabilization Fund. The purchase was the first US yen-buying intervention since 1998, and the report showed Washington acted alongside Tokyo to support the Japanese currency. ($1 = 159.6400 yen) Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday. Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox Subscribe here Get the CNA app Stay updated with notifications for breaking news and our best stories Download here Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Join here Advertisement Also worth reading Content is loading... Advertisement Expand to read the full story Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST