Market News
Japan finance minister repeats warning against excessive yen selling - REUTERS
TOKYO, Dec 24 (Reuters) - Japan Finance Minister Katsunobu Kato reiterated Tokyo's discomfort over excessive foreign exchange moves and put speculators on notice that authorities are ready to act to stabilise a faltering yen.
"There is no change to our stance," Kato said when asked about the yen's persistent weakness at a regular news conference.
"I would repeat what I've said. It's important for currencies to move in stable manner reflecting fundamentals and the government has been alarmed by foreign exchange moves including those driven by speculators. We'll take appropriate action against excessive moves," he added.
