TOKYO (Reuters) – Japan is ready to take action in the currency market and won’t rule out any options to address “clearly excessive volatility” seen in recent yen moves, the country’s top currency diplomat said on Thursday.
“Volatility is recently heightening in the currency market. Especially in the past few days, we’ve seen one-sided, rapid yen declines driven by speculative moves. It’s clearly a move that can be described as excess volatility,” vice finance minister for international affairs Masato Kanda told reporters.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
