Japan alarmed over recent FX moves, its finance minister says

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July 31, 2025 9:42 PM EDT

FILE PHOTO: Japan's Finance Minister Katsunobu Kato attends a press conference at the finance ministry in Tokyo, Japan October 2, 2024. REUTERS/Issei Kato/ File Photo

TOKYO (Reuters) -Japan's Finance Minister Katsunobu Kato said on Friday that its authorities have been alarmed over recent foreign exchange moves, after the yen fell to four-month lows against the dollar.

"As we have consistently stated, it's important for currencies to move in a stable manner reflecting fundamentals. We have been alarmed over foreign exchange movements, including those driven by speculators," Kato said at a press conference.

The yen fell to 150.89 per dollar on Friday, the lowest since March 28.

Bank of Japan Governor Kazuo Ueda said in a news conference on Thursday that current foreign exchange levels are unlikely to have an immediate major impact on its inflation outlook, a comment that currency traders perceive as the central bank's tolerance to the yen's current weakness.

(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)


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