Kishida Says Japan Is Monitoring FX Moves With High Vigilance

Japanese Prime Minister Fumio Kishida on Saturday issued a fresh warning about excessive moves in the yen in the foreign exchange market, saying the country won’t shy away from taking “appropriate” measures when necessary.

“We remain on high alert toward the foreign-exchange market, and will take appropriate actions against excessive moves,” he told reporters after a meeting with Australian Prime Minister Anthony Albanese in Perth. “We will not tolerate volatile moves due to speculative trading.”