According to Odaily, Japan's newly appointed top foreign exchange official, Jun Mimura, has stated that there is no need for panic regarding the current market situation. Mimura emphasized that the stance on foreign exchange intervention remains unchanged, asserting that Japan's moderate economic recovery continues without alteration. He highlighted the importance of foreign exchange rates reflecting fundamental economic conditions and maintaining stability in their movements. Mimura also noted that the focus should be on the volatility of foreign exchange rather than the specific levels of exchange rates.