Bank of Japan's Yen Kanda, Japan's deputy finance minister for international affairs, says he is concerned about sharp moves in the currency market unilaterally
- I am concerned about sharp unilateral foreign exchange movements
- We will not rule out any steps to respond to uncontrolled foreign exchange movements
- We didn't intervene in the foreign exchange market last month
- We are in close contact with international authorities on foreign exchange
- Foreign currency movements affect price stabilization target
Japan Bank's Matsuno also says rapid moves in the currency market are unwanted
- It's important that currencies move in a stable way that reflects the fundamentals
- Rapid foreign currency movements are unwanted
- I won't comment on forex levels
- We will not rule out any steps to respond to uncontrolled foreign exchange movements
- The big difference in monetary policy between the Fed and the Bank of Japan is undoubtedly a strong staple.
