According to an unnamed government official, Japanese Finance Minister Satsuki Katayama is expected to state on Monday that Tokyo and Washington have taken coordinated action in the foreign exchange market to curb the yen's decline.
The report indicates that the Finance Minister will likely reiterate that both nations are working to address what they consider to be an excessive depreciation of the yen. A source with knowledge of the matter revealed that this joint intervention effort is "still ongoing."
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