Japan's top currency diplomat, along with other officials, has reiterated the country's commitment to managing foreign exchange (FX) movements. Masato Kanda, Japan's top currency diplomat, confirmed ongoing daily discussions on FX and other issues with the U.S. and other nations, emphasizing the G7's shared commitment to stable currency markets. Finance Minister Shunichi Suzuki highlighted that FX levels are influenced by various factors and not solely by rate differentials. He also noted that there were no direct discussions on FX at the recent G20 meeting, but it was significant that the G7 reaffirmed their stance against excessive FX volatility, acknowledging its negative impact on the economy. The Japanese government, including Suzuki, has expressed readiness to take appropriate actions against excessive movements in the yen, underscoring a high sense of urgency in monitoring FX fluctuations. The IMF's Japan Mission Chief also firmly believes that G7 nations, including Japan, are committed to flexible FX regimes.