Japanese Finance Minister Katayama views currency intervention as option

Japanese Finance Minister Satsuki Katayama warned Friday about the yen's recent sharp depreciation, saying the government believes currency intervention is an option to ensure market stability.The government will "take appropriate steps as needed," Katayama said at a press conference, with the yen hovering at its lowest levels in around 10 months against the U.S. dollar. Japan last intervened in the foreign exchange market in July last year.The yen has been on a downward trend amid concern that Prime Minister Sanae Takaichi will boost the issuance of deficit-covering bonds under her banner …READ FULL ARTICLE