Japan will act appropriately against excess movements on the foreign exchange market, former currency chief Masato Kanda said, issuing a warning as the country continues to feel pain from a weaker yen.
Kanda, now a special adviser to Prime Minister Shigeru Ishiba and the finance ministry, said in an interview that currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries.
“There is no change to our stance that we will need to respond appropriately to excess movements on the currency market as excessive foreign exchange volatility is undesirable,” he said.
