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2026-11-02 09:30:26
【Satsuki Katayama: Japan Prepares to Deal with Disorderly Fluctuations in the Foreign Exchange Market; US Midterm Election May Affect the Yen】 (1) Japanese Finance Minister Satsuki Katayama stated that the Japanese authorities are prepared to take countermeasures if disorderly fluctuations occur in the foreign exchange market and will act in accordance with existing agreements between Japan and the United States. She said, “If disorderly fluctuations or excessive speculative movements occur, we will take action. We have also been coordinating with the United States and consulting quite frequently, and I expect both sides to continue to respond in this way.” (2) The United States will hold midterm elections on Tuesday, the results of which will determine the control of the House and Senate. Polls and forecasting markets indicate that the Democrats may regain control of the House of Representatives, while the control of the Senate remains highly uncertain. (3) If the Democrats gain full control of Congress, it may limit US President Trump’s fiscal policy agenda, which could in turn lower US Treasury yields and the dollar, and support the yen.
