Japan finance minister Kato: Alarmed over FX moves, including those driven by speculators

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Japan finance minister Kato: Won’t comment on forex levelsImportant for currencies to move in stable manner reflecting fundamentalsAlarmed over FX moves, including those driven by speculatorsDon't be fooled by his reference to 'FX' levels and moves - he is talking about the yen specifically. Its been a wild ride for the yen over recent days, Kato would like the currency to trade in a more stable fashion.On other matters:Aware of reported plan on new tax, no specific plan in mind to use this as a new funding sourceBelieve the ruling parties, opposition will deepen discussions on funding source as they plan to abolish gasoline surcharge taxInterest rates are determined by various factorsWill closely monitor JGB market movements, will pursue appropriate debt managementDiscussing how to request debt servicing costs for budget next fiscal year This article was written by Eamonn Sheridan at investinglive.com.