Japan’s Seiji: Ready to take necessary steps if recent FX moves continue

Japan’s Deputy Chief Cabinet Secretary Kihara Seiji said on Thursday, they are ready to take necessary steps if recent FX moves continue.

Additional comments

No comment on day-to-day forex moves.

Important for currencies to move stably reflecting economic fundamentals.

Sharp fx fluctuations not desirable.

Concerned by rapid, one-sided currency moves.

Watching FX moves with a high sense of urgency.

Ready to take necessary steps if recent FX moves continue.

Will not comment on specific market views, when asked about possibility of FX intervention.

Will make decision and appropriate time as necessary, based on situation regarding both economic sentiment and inflation when asked about supplementary budget.