Japanese Finance Minister Katsunobu Kato said on Friday that he was concerned about recent movements in the currency market, including those resulting from speculation. Kato added that he would take appropriate action against excessive movements.
Key quotes
He sees stable FX movement as desirable, reflecting fundamentals.
He sees sudden, one-sided movements in the currency market.
Taking appropriate action against excessive market movements.
Expresses earnest concern about currency fluctuations.
Market reaction
At the time of writing, USD/JPY is up 0.06% on the day at 157.41.
