Japanese officials strongly warn: if foreign excha

Aihucha News, September 6: After the yen fell to a 10-month low against the US dollar overnight, the Japanese authorities issued the strongest warning on exchange rate fluctuations in weeks. Japan's top foreign exchange official said there could be speculation in foreign exchange markets and warned that the government was prepared to take action if necessary. "If foreign exchange fluctuations continue, the government will handle it appropriately and will not rule out any options," said Masato Kanda, Japan's chief foreign exchange affairs officer. Kanda said foreign exchange should fluctuate steadily in the market to reflect economic fundamentals. Officials are watching the market with a high sense of urgency, he added. The yen has edged lower in recent days, with Japanese currency officials largely silent. They have repeatedly said they are concerned about large moves in the yen rather than its specific levels against other currencies.