Japan chief cabinet secretary says government is watching markets with high sense of urgency

Japan’s chief cabinet secretary said the government is monitoring markets with a high sense of urgency, signaling heightened concern over recent moves in the yen and broader financial conditions. The comments were framed as support for Japan’s fiscal stance and a desire to restore market trust by lowering the debt-to-GDP ratio over time. The article suggests the remarks are indirectly aimed at USD/JPY, which remains near a 40-year high despite a slight 0.1% daily decline to 162.35. Traders are now watching for intervention risk from Japan’s finance ministry, especially as the BOJ tightens policy and geopolitical tensions add pressure. Overall, the piece reinforces a bearish backdrop for the yen, with upside risks in USD/JPY unless authorities step in.