TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Friday the government is ready to take appropriate action against excessive volatility in the currency market.
“No one benefits from speculative, sharp volatility in the currency market,” Kishida told a briefing, on the yen’s recent sharp declines.
On monetary policy, Kishida said the Bank of Japan must make decisions taking into account not just currency moves but economic and price developments as well as the impact of the interest rate burden on the public.
(Reporting by Leika Kihara and Daniel Leussink; Editing by Susan Fenton)