Japan is considered to be in a recession as it drops from being the third largest economy in the world, getting overtaken by Germany, due to a weak yen.
Japan does not rule out any options in countering excessive volatility in foreign exchange markets, Finance Minister Shunichi Suzuki says, adding the government is monitoring developments with a heightened sense of urgency.
Japan is monitoring foreign exchange moves with a sense of urgency and will consider "all options available" if yen moves become volatile, the country's top currency diplomat, Masato Kanda, said Friday after the Japanese unit plunged relative to the U.S. dollar.
Analysts say Japanese Prime Minister Fumio Kishida is unlikely to call for a general election until next year ‘at the very earliest’ as inflation lingers and wages remain stagnant.