Japan’s Top FX Diplomat Mimura: Desirable for currencies to move in stable manner reflecting fundamentals

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Tuesday, it is “desirable for currencies to move in a stable manner reflecting fundamentals.”

Further comments  

Our job is reduce uncertain factors as much as possible in FX policies.

Global policymakers are all trying to reduce uncertainties in communications.

No comment on current FX moves.

Yen short positions that had built up till mid July have been unwound.

Closely monitoring market volatility.

Undesirable for market volatility to affect corporate activities.

Hope that forex rates will reflect changing phase of Japanese economy as Japan moves out of deflation.

Will respond appropriately if needed.