Japan FinMin: Will take appropriate measures on Forex as needed

Japan finance minister Aso is making comments related to the recent Yen volatility, noting that they will take appropriate measures on Forex as needed, adding they are watching markets closely.

Headlines

Japan's econ fundamentals very strong

Desirable for currencies to move in stable manner reflecting economic fundamentals

Sudden fx moves are undesirable

Recent yen moves have been very rough

Want to consider policy coordination looking at markets at G20 meeting in Shanghai

Will continue to closely monitor forex moves

No comment on whether Japan intervened in forex market

G7 has agreed that sudden forex moves are undesirable

Recent market sentiment is overly pessimistic