Japanese government spokesman Hirokazu Matsuno stated in a press conference on Monday that Tokyo is "concerned" with the recent sharp yen falls and will "respond appropriately if needed," after the nation's currency hit a 20-year low against the US dollar.
“It’s important that currency rates move stably reflecting fundamentals. But there have recently been sharp yen declines, which we are concerned about (...) We are ready to respond appropriately as needed, while communicating closely with each country’s currency authorities,” Matsuno underlined.
On Monday last week, Bank of Japan governor Haruhiko Kuroda stated that the central bank is not in a position to impose monetary tightening as a "suitable" measure, emphasizing that the government will continue with quantitative easing to help the country's economy recover.
