Kihara’s comments come after a week when the yen hit fresh lows against the US dollar and the government issued its strongest warnings about intervention yet. Finance Minister Shunichi Suzuki earlier said he was concerned about the very sudden and one-sided moves in the currency market, following on from earlier comments by the Japanese government’s top spokesman.
The Japanese government must take necessary measures while paying close attention to the yen’s undue, one-sided movement, a senior official said, without elaborating.
“We have to take necessary steps while closely monitoring developments including excessive, one-sided moves in the exchange rate,” Deputy Chief Cabinet Secretary Seiji Kihara said during a TV program Sunday. The government will undertake measures in a “seamless manner” to help the economy weather the impact of inflation, he added.
