TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda discussed currency market movements at a meeting with Prime Minister Fumio Kishida on Friday and warned that rapid yen movements were undesirable.
“When the yen moves 2 to 3 yen a day, this is a quick move,” Kuroda said when asked about recent moves in the Japanese currency.
After the meeting, he told reporters, “We will watch the exchange rate movements carefully.” According to Kuroda, the meeting is one of the occasional meetings between the two sides to discuss a wide range of economic and financial issues.
Finance Minister Shunichi Suzuki said on Friday that the government would not rule out any options regarding foreign exchange movements, while the country’s top currency diplomat, Vice Finance Minister for International Affairs Masato Kanda, issued a warning on Thursday.
(This story edited quote in paragraph 2 to read “2 to 3 yen a day”, not 1 for 2)