Shunichi Suzuki, the finance minister of Japan, stated on Wednesday that it is “essential for FX to move steadily reflecting fundamentals.”
“Need to be on guard given how quickly credit worries are spreading worldwide.”
“No comment on specific BoJ policy measures, but expect BoJ to cooperate closely with government and direct appropriate policy moves under incoming governor,” the statement reads.
“Govt intently observing fx moves.”
The USD/JPY exchange rate is currently down 0.08% for the day to 132.38.