Japan FinMin Katayama: Alarmed over FX moves | Forex Factory

  • Japan FinMin Katayama: Alarmed over FX moves

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Nordling
Dec 21, 2025 7:59am
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Quoting Ferna
{quote} I mean Japan is the largest investor in the world. It cannot be compared to the shithole countries of europe/west financially, since their debt structure is largely unsecured bonds without any collaterals to back them up. Investing in Japan you get to keep your money over a long period versus investing in Europe you risk having your assets frozen, seized or stuck in some bureaucracy. So that chart doesn't really matter, since it is nations that will largely be gone/unrecognizable in 30 years while Japan still have a highly technologically...
You got it all wrong. Japan is the largest investor yes, but they don't invest in Japan they invest overseas where the economic growth is much higher. Your statement is full of contradictions.

People borrow money from Japan bc the interest rates are low, then they take this money and invest in faster growing economies where the returns are expected to be higher than the interest they pay. That's called "carry trade".

Investing in Japan however is a no brainer since the growth rate is low, no unemployment (you cant find employees to work for you), bureaucracy and regulations are as tough as it is in the West etc.

Idk if you are a Russian troll, you seem very upset about the frozen assets of an aggressor.
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OnlineAddict
Dec 19, 2025 6:31am
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Didn't get used to that in the past few years?
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Momofrmnyc
Dec 19, 2025 6:46am
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Quoting ffghost
{quote} Well, 'tis the season (with low liquidity) to take some action, but even those words, which caused a little pop, weren't enough to stem the slide for more than a few minutes. I have no clue if the BOJ intervenes on weekends (obviously they will be closed), but what fun it would be for a Friday afternoon (US equities time) to see an intervention?? Plus, the BOJ buys in at lower levels now than 24 hours ago. That said, I am not holding my breath....just some /6J longs for the next couple of weeks (just jn case).
I personally don't see them doing anything this weekend. They like to execute it in a stealth manner but they will tell you 100x times prior so you can't say we didn't warn you.
Blessed-man
Dec 19, 2025 9:36am
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Quoting Momofrmnyc
These words won't be enough you're going to have do something one of these days or keep watching the yen diminish. 158/160 are key levels in my head.
Is USDJPY the only pair to note, CHFJPY is at all time high, same with EURJPY.

By the time USDJPY reach 160, probably CHFJPY could have climbed to 200+
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Polimini
Dec 19, 2025 6:18am
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"We tried nothing and we're all out of ideas"
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ffghost
Dec 19, 2025 6:41am
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Quoting Niru
She better do something then, because at this point nobody believes anything they say.
Well, 'tis the season (with low liquidity) to take some action, but even those words, which caused a little pop, weren't enough to stem the slide for more than a few minutes.

I have no clue if the BOJ intervenes on weekends (obviously they will be closed), but what fun it would be for a Friday afternoon (US equities time) to see an intervention?? Plus, the BOJ buys in at lower levels now than 24 hours ago.

That said, I am not holding my breath....just some /6J longs for the next couple of weeks (just jn case).
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nkimandi
Dec 19, 2025 7:33am
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Quoting imbonitore
Looks like Japan has built an atomic bomb!
to be dropped on wallstreetasaki and nu-yorkishima
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Schultz
Dec 20, 2025 1:35am
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TO TAKE APPROPRIATE ACTION AGAINST EXCESSIVE FX MOVES.

This means exactly what it says. It says nothing about levels or seeking to halt or reverse any trend. Alarmed over "excessive" moves.

BoJ employing monetary policy to hit a price target or meeting a price goal - price being the 10-year Jap Govt bond price.

I'm just reading what she said. I'm not sure what others here are reading. This is Japan, not the USA.
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Schultz
Dec 20, 2025 7:29pm — Edited
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Quoting Ferna
{quote} I'm not sure if you experienced the BoJ intervention that happened about 2 years ago?
I can't say that I had the pleasure. What did you experience with this "intervention" as you so delicately put it? Was it good for you?
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Schultz
Dec 20, 2025 9:38pm — Edited
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Quoting Ferna
{quote} I'm not sure if you experienced the BoJ intervention that happened about 2 years ago?
Alternative to taking any notice of my comments I wrote yesterday, today here on FF there is published this story which you may care to read

https://robinjbrooks.substack.com/p/...yen-debasement

and I quote

the BoJ remains a substantial buyer of government debt on a gross basis, which is how yields are being prevented from rising to their true market level. Without this buying, Japan’s longer-term yields would be MUCH higher, which would push the country into a debt crisis. So, unfortunately, given how huge Japan’s debt overhang is, the choice is between a debt crisis and currency debasement.

Does my comment now make a little bit more sense with reference to the bolden words? But carry on, as if Japan were the USA.

Incidentally a "strong" currency is a simple person's token of accomplishment to demonstrate USA entitlement and superiority. Weak yen equal strong USD, so job's done. Ought to be cause for cake and eat.
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Momofrmnyc
Dec 19, 2025 9:42am
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Quoting Blessed-man
{quote} Is USDJPY the only pair to note, CHFJPY is at all time high, same with EURJPY. By the time USDJPY reach 160, probably CHFJPY could have climbed to 200+
To be honest any pair at this moment vs JPY is to the moon. I particularly look at UJ as my bellwether since once i see it hitting those key resistance levels usually from my experience historically there's a turn not too far away. I could be wrong this time it's just my hunch at the moment.
Azkilleur
Dec 19, 2025 6:21am
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Empty talk they won't intervene because they will just waste their reserves ,everyone betting against the fiscal position of japan( rightly so).better start changing the tone and talking about fiscal tightening instead of cheap populism
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GhosTraderGT
Dec 19, 2025 6:36am
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lol. did Ueda and Nakamoto not handover ear plugs?
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here2there
Dec 19, 2025 8:54am
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This is just so DUMB! It's all LIES and market manipulation!
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Nordling
Dec 21, 2025 8:52am
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Why did u delete your post Ferna? Are you that embarrassed just bc i corrected you? Come on mate, you can't grow without making mistakes. It's ok.
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imbonitore
Dec 19, 2025 6:17am
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Looks like Japan has built an atomic bomb!
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chaoshydra
Dec 19, 2025 6:18am
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do it !! please do it !!
Momofrmnyc
Dec 19, 2025 6:25am
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These words won't be enough you're going to have do something one of these days or keep watching the yen diminish. 158/160 are key levels in my head.
Niru
Dec 19, 2025 6:15am
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that took a bit longer than expected.
Niru
Dec 19, 2025 6:31am
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She better do something then, because at this point nobody believes anything they say.
wizzytech100
Dec 19, 2025 9:05am
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Quoting here2there
This is just so DUMB! It's all LIES and market manipulation!
Silver's price looks so cheap now
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Azkilleur
Dec 19, 2025 6:19am
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How about you and the dumb pm stop advocating for lavish spending and start telling the markets you have a brain.the yen should ve been at 140 or below by now if not for your takaichinomics,idk if they want a yen at 200 or what
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Trader#D634
Dec 19, 2025 6:19am
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haha that sounded pretentious. i'm alarmed that they are alarmed too
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muraokaps
Dec 19, 2025 7:22am
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Quoting Trader#64D7
Intervention will come and there's no doubt about it.
Japanese have a culture of maintaining harmony, so they will warn several times before doing something harsh. They will intervene when usd/jpy reaches X. My gut tells me X=160, but who knows. Long positions will get obliterated.
LocoPoco
Dec 19, 2025 6:16am
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who cares
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Sigma09
Dec 19, 2025 6:18am
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You should have known that the moment you signed the policy to distribute money.
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rastakoher
Dec 19, 2025 6:19am
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yeah, peaople will probably buy crypto asset and leave the Japan's eldorado
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LT51
Dec 19, 2025 6:22am — Edited
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alarmed?
this move is carefully choreographed, no?
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Azkilleur
Dec 19, 2025 6:23am
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The only thing saving the yen from falling to 200 is a snap election.
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Trader#7DEA
Dec 19, 2025 6:42am
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Yen intentionly weak and the gov. pretending speaking to avoid weakness... they happy of the weak yen.
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Trader#64D7
Dec 19, 2025 6:47am
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Was waiting for this...

Intervention will come and there's no doubt about it. We might see those 100 pips in a second moves like in the past as well before the intervention.

If rally continues into Monday, then we might see intervention even this year or at latest in January.

USD/JPY will probably reach 160 however. I am also looking for quite some time now for that 214 on GBP/JPY. Seems like ideal spot for something... USD/JPY would be around 160 by the time GBP/JPY reaches 214. We'll see...
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Kaliem
Dec 19, 2025 7:40am
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I will not forgive this useless currency for the -50 pips negative i woke up to this morning after going short expecting a rate hike reaction to the downside!
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Trader#04E1
Dec 19, 2025 7:47am
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After BOJ full force selling the yen and this lady Katayama come out to speak cannot tolerate excess FX movement lolzzzzz nice acting zzZzzzz lol
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Michealking.
Dec 20, 2025 7:04pm
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Wow!! That great
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Trader#1249
Dec 23, 2025 1:33am
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imagine their talk of yen intervention the past few months has been all talk only but no action. Traders do not trust them anymore. They should have intervened last friday to help prop up the yen but until now nothing. What are they waiting for? Real FOOLS!!!
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Trader#0A0C
Jan 5, 2026 7:33pm
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what happened to the yen intervention drama? They had a good opportunity to intervene during low liquidity during Xmas holidays but they did not. Yesterday too they could have but they did not make use of it. Looks like they want continuous yen weakness or what? BOJ members should all be replaced with more vibrant ones as they are behind the curve of inflation & yen weakness. Even business owners are already complaining and requesting the govt to do something to stop this yen weakness. Looks like Takaichi is Asian Liz Truss.
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Trader#B749
Dec 19, 2025 6:15am
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REALLY !?? are you sure ?
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Trader#A4B0
Dec 19, 2025 6:19am
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Good
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Trader#E14A
Dec 19, 2025 6:19am
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weirdo, intervention doesnt = FX moves in a manner reflecting fundamentals... these damn japs are ass backwards
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Trader#6A30
Dec 19, 2025 6:42am
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so late
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Trader#6477
Dec 19, 2025 7:07am
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high impact
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Trader#C92B
Dec 19, 2025 7:37am
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Trump is to blame for this choas.
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Trader#D634
Dec 19, 2025 7:56am
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expecting a possible crisis to follow after this one sided move that is going to cause a massive wipeout
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Trader#9ED4
Dec 19, 2025 5:34pm
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Who is that woman and why she got worried about FX moves that never stopped happening?
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