TOKYO (Reuters) -Japan remains alarmed over foreign exchange movement, Finance Minister Katsunobu Kato said on Tuesday, after the yen strengthened following U.S. President Donald Trump’s announcement of the removal of a Federal Reserve governor.
Asked about the removal of Lisa Cook from her position on the Fed’s board of directors, Kato told a press conference that he would refrain from commenting on foreign authorities and on foreign exchange levels.
“That being said, it’s important for currencies to move in a stable manner reflecting fundamentals and we remain alarmed over FX moves, including those driven by speculators,” he said.
(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)
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