Japanese Finance Minister Satsuki Katayama issued another set of verbal warnings on currency movements, reiterating a strong sense of urgency, as the markets grow more alert to the risk of government intervention down the line.

Bank of Japan Governor Kazuo Ueda said the central bank is aiming for moderate inflation accompanied by wage rises and economic improvement, signalling that its goal aligns with Prime Minister Sanae Takaichi's focus on reviving growth.