Japan Prepares to Respond to Disorderly FX Market Movements

• Japan is prepared to respond to disorderly movements in the foreign exchange market.
• Finance Minister Satsuki Katayama announced this readiness a day before the U.S. midterm elections.
• Japan will act in accordance with a standing pact with the United States.
• The announcement was made by the Japanese authorities to ensure market stability.
• The timing coincides with significant U.S. political events.