Tokyo, Aug. 3 (Jiji Press)--The Japanese Ministry of Finance said Monday that it conducted a yen-buying currency market intervention Friday, U.S. Eastern time, "in coordination with" the U.S. Treasury Department. Japanese Minister of Finance Satsuki Katayama said in a statement that the coordinated intervention was based on a joint statement issued last September by the two countries' finance chiefs. The action "countered excessive volatility and disorderly movements in the Japanese yen in recent months," she said. The MOF "remains attentive and in close communication with our counterparts at the U.S. Treasury," the minister said, adding, "We will not hesitate to conduct further joint intervention." Katayama also said Japan plans to utilize in the future the U.S. Federal Reserve's Foreign and International Monetary Authorities Repo Facility, which provides temporary dollar liquidity to foreign authorities. The latest action was the first coordinated foreign exchange market intervention by Japanese and U.S. authorities since shortly after a massive earthquake and tsunami struck northeastern Japan in March 2011. The last concerted yen-buying operation was conducted in 1998, during a currency crisis in the Asian country. END [Copyright The Jiji Press, Ltd.]