Japan’s finance minister urged markets to act cautiously in the face of rising foreign exchange volatility, warning that disorderly moves could destabilise the economy. He cited global trade tensions, structural shifts tied to artificial intelligence, and demographic change as long-term drivers of instability. The comments were made at an international monetary committee meeting and emphasised the need for stronger monitoring of currency markets, tighter coordination between regulators, and pre-emptive measures to prevent spill-over into credit markets and growth.