Japan chief govt spokesman: Recent yen falls not excessive

Chief Cabinet Secretary Yoshihide Suga makes remarks at the beginning of an interview with editors and publishers from the Asia News Network at the Prime Minister’s Office in Chiyoda Ward, Tokyo, on Friday. -- PHOTO: THE YOMIURI SHIMBUN 
Chief Cabinet Secretary Yoshihide Suga makes remarks at the beginning of an interview with editors and publishers from the Asia News Network at the Prime Minister’s Office in Chiyoda Ward, Tokyo, on Friday. -- PHOTO: THE YOMIURI SHIMBUN 

TOKYO (Reuters) - Japan's top government spokesman said on Wednesday excessive volatility in foreign exchange rates was undesirable but added that the current pace of the yen's declines hadn't reached that level yet.

Chief Cabinet Secretary Yoshihide Suga also told a news conference that the government would continue to closely monitor forex movements.

The yen fell to an eight-year low against the US dollar this week after a batch of upbeat data bolstered the case for a U.S. interest rate hike this year.