Japan’s Kato: Closely watching FX moves with the utmost sense of urgency

Japan’s Finance Minister Katsunobu Kato on Tuesday that he is “closely watching FX moves with the utmost sense of urgency.”

Additional quotes

Important for currencies to move in a stable manner reflecting fundamentals.

Will continue to take appropriate action against excessive forex moves.

Absolutely no change to our stance on forex.

Seeing somewhat one-sided, sharp moves on the forex market since late September.

Closely watching FX moves with the utmost sense of urgency.