Finance Minister Satsuki Katayama emphasized that the government remains fully ready to take actions to stabilize the economic situation.
“We are determined to take decisive action at all times and on all fronts.” – she pointed out.
Although she did not directly confirm intervention plans, her statement was a reaction to reports that Japan is considering entering the oil futures market, as Reuters writes.
Speculation on the oil market under the microscope. Japan can work
The authorities in Tokyo are paying more and more attention to market mechanisms. As the minister pointed out, Speculative movements on the oil market may also affect currency rates.
“It is widely believed that speculative movements in the oil market also affect the currency market.” Katayama said.
This is particularly important for Japan, where the weakening yen increases the costs of energy imports and drives up inflation.
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An energy crisis hits Japan
The situation is the result of escalating tensions in the Middle East, which has led to increased oil prices and supply disruptions. Japan – heavily dependent on imports of raw materials – is feeling the effects particularly severely.
Rising energy prices put pressure on both the economy and households, forcing the government to consider non-standard actions, writes Reuters.
Possible intervention in markets
Although Tokyo has not officially confirmed the plans, the market is speculating that it may be possible intervention not only in the currency market, but also directly in the oil market.
Such a step would be rare and would demonstrate the scale of concerns about economic destabilization.
The minister's statements are part of Japan's broader strategy, which also includes the release of oil reserves and the search for alternative sources of supply.
The government is trying to limit the effects of the global energy crisis, which – combined with a weak yen – could significantly burden the economy.
- JPY/PLN rate March 24, 2026
