Japan Prime Minister Says Excessive Currency Moves Harm Economy

Japan's prime minister told reporters that excessive currency movements are detrimental to the economy and that authorities will act when required. The statement emphasized the need to deepen international cooperation on foreign-exchange issues, including with the United States. Officials noted that speculative trades can exert significant influence on market conditions.

The prime minister described foreign-exchange policy as an important tool for supporting overall economic performance. The government said it would take appropriate steps on currency matters at any time. No specific measures were announced in the remarks.