Japan's fin min says FX stability is important, rapid moves are undesirable

Japan finance minister Suzuki:

• FX stability important
• Rapid moves undesirable
• No comment on FX levels
• recent rise in Japan's inflation driven partly by forex moves, but mostly by the rise in raw material prices
• will closely watch the impact of recent yen falls on Japan's economy and price with a sense of urgency

Earlier from Suzuki:

• Japan fin min Suzuki says no truth to reports to Japan / US joint FX intervention

USD/JPY update:

US yields fell overnight but USD/JPY inched up. Its dropped back in Asia morning trade since.