Japanese Chief Cabinet Secretary Hirokazu Matsuno said on Thursday that the Japanese government is still not ruling out "any options for response" to currency exchange moves. He stressed that it is important that foreign exchange "moves stably" and reflects fundamentals.
Matsuno acknowledged the international authorities' desire to avoid excessive exchange moves and said the Japanese government shares that view. In anticipation of the Bank of Japan's interest rate decision tomorrow, he said that the government and the BoJ will continue to closely communicate and that the BoJ will keep taking appropriate monetary policy measures.
