Japan’s FX Head Says Government Can Take Steps On All Fronts

Japan’s top currency official said the government will take all possible steps to respond to speculative moves in markets as needed, sending a fresh warning as the yen and oil prices remain under pressure owing to the Middle East conflict.

“Some market participants say speculative moves in crude oil futures are affecting the foreign exchange market,” Atsushi Mimura, vice finance minister for international affairs, told reporters Monday. “Considering the impact of currency moves on the economy and people’s daily lives, the government will take all possible measures at any time,” he said.