Recently, under the impact of a strong US dollar, the Japanese yen has continued to weaken against the US dollar. Although on Monday (December 23), the yen rebounded from its five-month low on Friday and hovered around 156 yen to the dollar, it faced pressure again just one day later. On December 24, 25, and 26, the yen fell below the 157 level.

       Given the continued weakness of the yen, on December 24, the Japanese government once again signaled its intention to intervene. When asked about the yen's renewed weakness, Finance Minister Shunichi Kato stated, "I am deeply concerned about the recent movements in the yen's exchange rate. The government will take appropriate action to prevent excessive volatility and stabilize the weak yen." On December 20, Kato also verbally intervened in the foreign exchange market, stating that the government would take measures to address excessive fluctuations in the yen's exchange rate, saying, "The government is deeply concerned about the recent exchange rate movements. If there are excessive fluctuations in the foreign exchange market, we will take appropriate action."

       Following Kato's remarks, the yen strengthened slightly against the US dollar on December 24, but it did not reach the 157 yen per dollar level.

       Regarding whether the Japanese government will take foreign exchange intervention measures, analysts from Fukuoka Financial Group stated in a report released on December 24 that if the government intervenes now, it may not be effective because the US dollar is also strengthening. "They might delay intervention until the yen falls below the 160 yen per dollar level, which was the level at which they last intervened." In April and July of this year, the yen fell below the 160 yen per dollar level, prompting the Bank of Japan to implement foreign exchange interventions by buying yen and selling dollars. According to data from the Ministry of Finance, the Japanese government spent a record 9.8 trillion yen between April 26 and May 29 to support the yen, and another 5.5 trillion yen in July for foreign exchange intervention.