Japan FX Diplomat Takeuchi: Excessive foreign exchange moves are undesirable for the economy

Further comments are out from Japan's top currency diplomat Yoshiki Takeuchi, as saying that “we’re seeing some nervous moves in markets”.

Additional Comments:

Excessive foreign exchange moves are undesirable for the economy.

BOJ, MOF and FSA exchanged views on jittery market moves.

Will carefully watch market moves.

If necessary, Japan will respond based on G7 agreement.

Will not comment on specific FX levels.