Japan's Finance Minister Shunichi Suzuki emphasized the importance of foreign exchange (FX) stability and stated that he is closely monitoring FX movements. Suzuki affirmed that it is crucial for currencies to move in a stable manner reflecting economic fundamentals. He also highlighted that Japan is prepared to take all necessary measures to address excessive FX moves. Suzuki confirmed that the FX intervention conducted in late April and early May was a response to speculative moves and had certain effects. He assured that Japan will continue to respond appropriately to FX market developments.