Japan's Vice Finance Minister for International Affairs Masato Kanda said on Thursday that the Japanese government is ready to respond properly to "disorderly" foreign exchange moves, adding that he does not rule out any measures that will contribute to the stabilization of the currency market.
Furthermore, Kanda stressed that excess foreign exchange market moves can have a negative impact on the Japanese economy.
Kanda's comments come after the Japanese yen continued to weaken, hitting a 34-year low against the US dollar.
