Japan's Matsuno says sharp FX fluctuations are not desirable (he means the plunging yen)

Japan chief cabinet secretary Matsuno

• important for currencies to move stably reflecting economic fundamentals
• sharp fx fluctuations not desirable
• will closely monitor US inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term trend’s impact on global, Japanese economy
• ready to take necessary steps if recent currency moves continue without ruling out any options

more to come

--

There were statements earlier on the concern about the yen's slide:

• Japan's Kanda (top FX guy at the MoF) says is concernedd about the recent sharp yen moves

• USD/JPY trading above 144.50 - yen weakness unlikely to prompt BOJ policy change

---

And I've been posting background pieces:

USD/JPY topped out ahead of 145 last week:

• Knock out options 145 in USD/JPY - defensive sellers ahead the level

• USD/JPY falls further on the day amid softer dollar, Kuroda jawboning

I posted these earlier, of relevance:

• Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention

• The 4 things to watch prior to Bank of Japan FX yen intervention



Solo Bank of Japan intervention seems unlikely:

• USD/JPY BOJ intervention watch - intervention seen as unlikely without US coordination

USD/JPY update: