New Japan FinMin Kato warns of 'appropriate action' on excessive FX moves

Notes recent sharp, one-sided, speculative moves in the FX market

Important for FX rates to move in stable fashion reflecting fundamentals

Market not eyeing FX intervention now, likely waiting for opportune moment

MOF recently acting when such action has most impact on the market

Could be in conjunction with a December BOJ interest rate hike

Either this or when MOF deems the market sufficient long USD/JPY

On, BOJ policy, Gov Ueda scheduled to speak Monday nL4N3MM03D

Separately, EconMin Akazawa emphasizes BOJ independence

At one with BOJ view on modest economic recovery, monitoring downside risks

See nP8N3M5016, on Akazawa-speak nP8N3M5017

Related BOJ comments nL1N3MK07T, nL1N3ML0MP, for more click on FXBUZ