Japan’s Katayama says will act flexibly to safeguard people's livelihood

Japan’s Finance Minister Satsuki Katayama said that she will attend the G7 meeting in France from May 17, Reuters reported on Friday. Katayama further stated that Japan will take a flexible approach to protecting household livelihoods as energy import costs continue to climb in the wake of Middle East supply disruptions.

Key quotes

Plans to visit France from May 17 for G7 finance ministers meeting. 

Will monitor impact of energy import costs on electricity for now. 

Has 1 trillion yen in reserve for fiscal 2026 budget, no urgent need for additional budget. 

Will act flexibly to safeguard people's livelihood. 

Bond yields are increasing worldwide, including UK and US, G7 talks likely to address issue. 

Market reaction

As of writing, the USD/JPY pair is up 0.07% on the day at 158.48.