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Japan chief cabinet sec: Won't rule out any steps to respond to excessive FX move
Japan chief cabinet secretary Hayashi: • Won't comment on forex levels, currency intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Excessive fx volatility undesirable. • Closely watching fx moves with high sense of urgency. • Won't rule out any steps to respond to excessive fx moves. Hayashi is the last of the three amigos to respond to the sharply weaker yen today: • More from Japan finance minister Suzuki : Forex levels are basically determined by markets. • Japan finance minister Suzuki trying to talk up the yen now - verbal intervention. • Japan's Kanda ... (full story)