Finance Minister Kato: Japan Will Take Necessary Measures Against Excessive Currency Fluctuations

Forex - Japan's Finance Minister Katsunobu Kato stated that officials will take appropriate measures against excessive currency fluctuations. In response to a question during a press conference regarding the yen's recent decline, Kato said, "It is important for exchange rates to move steadily in a way that reflects fundamentals." He also emphasized that the government will strongly regulate currency markets, including speculative movements.