Government's Alarm Over Recent Forex Trends

Japanese Finance Minister Katsunobu Kato has voiced significant concerns regarding the recent fluctuations in the foreign exchange market, particularly those influenced by speculative activities. Kato emphasized the government's readiness to counteract any excessive volatility in forex movements to ensure economic stability.

Call for Stability in Currency Movements

Highlighting the observation of "one-sided, rapid" shifts in currency values, Kato stressed the importance of achieving a stable movement of currencies that accurately reflects economic fundamentals. The dollar's recent surge of 5.35% against the yen, reaching 157.9875 at 6:25 am CET, underscores the urgency of addressing these unpredictable forex trends.