Japan Chief Cabinet Secretary Yoshimasa Hayashi said on Monday that excessive foreign exchange (FX) volatility is undesirable, adding that he will closely monitor the FX moves and will take necessary steps if needed.  

Key quotes

Won't comment on Forex levels.

Important for currencies to move in a stable manner, reflecting fundamentals.

Excessive FX volatility is undesirable.

Closely watching FX moves, will respond appropriately to excessive volatility.