The government has recently taken appropriate steps to address excessive market volatility, according to the top currency diplomat, while declining to comment on remarks from the U.S. Treasury. The diplomat noted that a currency authority normally does not disclose whether it has carried out an intervention, despite speculations that yen-buying actions were taken to support the weakened currency. The statement reflects the usual practice of keeping intervention details undisclosed.
"The statement indicates that the Japanese government has taken measures—likely yen‑buying interventions—to curb excessive market volatility, directly supporting the weakened USD/JPY pair and explaining its positive return."