Japan’s Aoki Warns on Speculative Yen Swings, Seeks Stable FX Market

Japan’s Deputy Chief Cabinet Secretary Kazuhiko Aoki said the government is increasingly concerned about speculative activity in the foreign-exchange market and stressed that currency movements should remain stable and grounded in economic fundamentals. Speaking to reporters in Tokyo on Thursday, Aoki added that officials will closely monitor domestic interest-rate trends and their impact on household finances. He also said the administration intends to foster market conditions that allow the smooth issuance of Japanese Government Bonds.