Oral intervention failed! Japan's finance minister sends the strongest stability signal for weeks, yet the yen is still approaching a 40-year low.

The Chinese Financial and Economic App has learned that with the Japanese yen exchange rate continuing to linger near a 40-year low, Japanese Finance Minister Kaori Kuroda has used the strongest language in weeks to clearly state, "If necessary, we will take decisive action at any time." This statement is generally interpreted by the market as a signal that the Japanese government is prepared to intervene directly in the market to influence the exchange rate. She refused to comment on specific levels of the yen exchange rate.