Japan will take appropriate action on excessive FX moves, finance minister says

TOKYO, March 7 (Reuters) - Japanese Finance Minister Katsunobu Kato reiterated on Friday that authorities would take appropriate action against excessive moves in the foreign exchange market.

"We've been seeing one-sided, rapid moves," Kato said at a regular press conference. "We've been alarmed by foreign exchange moves including those driven by speculators.

"As we've been saying, we'll take appropriate action against excessive moves," he said.