- Recently seeing one-sided, rapid moves in the currency
- No comment on specific forex levels
- But important for currency to move in stable manner reflecting fundamentals
- Closely watching FX moves with high sense of urgency
- Weak yen contributing to cost-driven inflation to some extent
- Won’t deny that disadvantages of weak yen outweighs the advantages
Some verbal intervention there in trying to jawbone the yen currency. USD/JPY is just off the highs to 154.58 currently from around 154.75 earlier but continuing to stay underpinned
Japan finance minister Katayama: It is important for currency to move in stable manner