Japan’s Matsuno: Stable forex market is important, dramatic changes undesirable

Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, a “stable forex market is important,” adding that it is “not desirable to have dramatic changes in forex movements.”

“As a government, we will be keeping a close eye on forex market moves and its impact on the Japanese economy,” Matsuno said.

Amidst the recent wild swings in the USD/JPY exchange rate value, the Japanese official express their concerns while trying to calm market nerves.