Japan's Finance Minister Shunichi Suzuki and Bank of Japan Governor Kazuo Ueda have both emphasized the importance of stable currency movements reflecting economic fundamentals, amid recent volatility in the yen's value. Suzuki attributed the yen's weakness to speculative moves and stated that rapid foreign exchange movements are undesirable, emphasizing a high sense of urgency in monitoring currency fluctuations. He also mentioned that Japan would not rule out any options to deal with excessive forex moves but declined to comment on forex levels or specific means of intervention. Meanwhile, Ueda highlighted that foreign exchange rates are a key factor affecting economic and price developments, noting that the Bank of Japan does not directly target the yen in its monetary policy but will adjust interest rates based on the distance towards achieving a stable 2% inflation. Ueda also pointed out that while there are no plans to reduce the Bank's large ETF holdings in the near future, monetary policy adjustments could be considered if forex movements significantly impact the wage-inflation cycle.