Friday, March 13

Japan finance minister warns of action against any excessive forex moves


TOKYO, Dec 19 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that Tokyo would take appropriate action to deal with any excessive volatility in the foreign exchange market.

“We are clearly seeing one-sided, sharp moves in half a day or those few hours,” Katayama told reporters after she attended an online meeting with her Group of Seven counterparts.

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“We will respond appropriately to excessive moves, including those driven by speculators,” she said.

Reporting by Makiko Yamazaki; Editing by Hugh Lawson

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