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Japan's finance minister watching FX closely, no comment on rate checks

BY Reuters | ECONOMIC | 01/23/26 05:38 AM EST

TOKYO, Jan 23 (Reuters) - Japanese Finance Minister Satsuki Katayama said on ?Friday she was watching currency markets closely, ?but declined to comment on ?speculation among traders that authorities ?had checked ?currency rates with banks - a prelude to ?potential intervention.

Katayama was ?speaking to reporters at the Ministry of Finance after ?the yen jumped ?suddenly ?against the dollar, raising speculation that authorities were preparing to support the ?currency, which has been weakening recently.

Japan's top currency diplomat, Atsushi Mimura, also declined to comment on the yen's sharp rise.

"In ?this ?situation, I have no intention of commenting on that," ?said Mimura, vice finance minister for international affairs, when asked whether Tokyo had conducted yen-buying interventions.

Asked about speculation that authorities had conducted rate checks, he ?also said he had "no intention of commenting on that either." (Reporting by Makiko Yamazaki. ?Editing by Chang-Ran Kim and Mark Potter)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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