Japanese Finance Minister Shunichi Suzuki said they would monitor foreign exchange market movements closely to avoid a severe yen weakness.
Earlier, he had said that currency stability was important and a weak yen would be positive for exporters but negative for households already facing a spike in fuel prices following the war in Ukraine.
Following Suzuki's statement, Chief Cabinet Secretary Hirokazu Masuna warned that they did not want a quick change of the yen.
The two policymakers spoke separately after the Japanese currency fell to a six-year low of over 125 yen against the greenback dollar on Monday.
The fall indirectly raised concerns about the impact on the cost of living for Japan’s trade -dependent economy.
The yen plunged even harder after the Bank of Japan (BOJ) took surprise action to prevent bond yields from continuing to rise higher, even as most other major central banks including the Federal Reserve (Fed) have begun tightening monetary policy.
In today's Asian session, the yen traded back steady around 123.40 against the US dollar, not far from the six -year low it reached in the previous session.
