Japan's Deputy Finance Minister Asakawa said they closely watch the movements of FX market and whether speculation is behind forex moves. More comments came as follows:
- The volatility in the currency market in Sydney has increased.
- Market movements in the past few days have been characterized by low liquidity.
- Ready to take all necessary measures in FX market if necessary.
- Concerned about exchange rate fluctuations.
- The G7 and G20 have agreed to participate in the currency market if necessary.
- The violent movements of the currency market are not desirable for the stability of the economy.
- Reducing price differentials between Japan and the US is the reason for the yen's strength.