Finance Minister Kato: Japan Will Respond Appropriately to Excessive Currency Fluctuations

Forex - Japan's Finance Minister Katsunobu Kato stated that amid expectations that Trump's presidency will strengthen the dollar and weaken the yen, Japanese officials will take appropriate measures against excessive movements in the foreign exchange market. Kato said, "Recently, we have been witnessing unidirectional and sharp movements in the foreign exchange market. We will closely monitor currency movements, including those driven by speculators, with a great sense of urgency and will take appropriate measures against excessive movements." Regarding Trump's election victory, Kato mentioned that Japan will closely monitor the impact on the Japanese economy and that financing could come through various channels in light of the close economic ties between the two countries. Japan's Government Spokesperson Hayashi also indicated that they will closely follow the impact of the U.S. economy and financial trends on the Japanese economy.