Japan says it is ready to act on currency market moves

Japan's top currency official, Masato Kanda, said the government is prepared to take action in the foreign exchange market at any time. He stated that recent currency moves are not in line with economic fundamentals and that authorities are ready to take bold steps if needed.

Kanda's comments signal that Japan is closely watching the yen's value and is willing to intervene to support it if the currency moves too rapidly or becomes too weak.