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Japan must take 'professional' approach in tapping FX reserves, finance minister says

Japan must take 'professional' approach in tapping FX reserves, finance minister says

101 finance101 finance2026/02/08 13:45
By:101 finance

TOKYO, Feb 8 (Reuters) - Japan must take a "professional" approach in ​tapping its huge foreign reserves ‌to fund spending and tax cuts ‌as doing so would not be easy, Finance Minister Satsuki Katayama said on Sunday.

Tapping foreign reserves ⁠could be an ‌option given recent yen moves, though doing so ‍could cause problems as the reserves are used to conduct currency intervention, ​Katayama said in a television ‌programme.

"The prime minister understands this point well. We would need to look at markets and decide what the most effective asset ⁠management is for Japan, ​so that we ​are taking a professional approach that does not cause any ‍problems," ⁠she said.

"If necessary, we would like to seek dialogue with ⁠markets on Monday in various forms," ‌she said.

(Reporting by Leika KiharaEditing ‌by Chang-Ran Kim)

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