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Japan says FX activities being monitored with ‘high sense of urgency’

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TOKYO: Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday the government would continue to monitor currency moves with a “sense of urgency.”

He also reiterated that it is important that the currency markets move in a stable manner reflecting the fundamentals.

The yen has slipped to an 11-month low near 150 against the dollar, fueling market speculation that the government may intervene to prevent further declines as it did last year.

Earlier in the day, Japanese Finance Minister Shunichi Suzuki said he was keeping a “careful” eye on currency moves, Bloomberg News reported.

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