Japan finance minister vows action on forex volatility

PARIS, May 18 (Reuters) - Japanese Finance Minister Satsuki Katayama said on Monday that the government is prepared to take appropriate action against foreign exchange volatility as speculative moves continue to sway the markets.

Speaking to reporters after the first day of a Group of Seven finance leaders' two-day gathering, Katayama said there is consensus that global bond sell-offs have been caused by oil prices and the closure of the Strait of Hormuz.


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