Closely following domestic and foreign market movements with a sense of urgency

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday that he was “closely monitoring domestic and overseas market movements with a sense of urgency.”

Additional comments

No comments on daily distribution movements.

He will lead the management of fiscal and economic policy while working closely with the Bank of Japan (BoJ).

It is important to calmly assess market movements.

Market reaction

At the time of writing, USD/JPY is trading 10.13% lower on the day, falling 145.50 following these comments.