TOKYO, Dec 1- Japanese Finance Minister Sadakazu Tanigaki said on Wednesday that he was ready to take action as needed against unusual moves in the currency market.
"Currencies are not fully reflecting fundamentals in a stable manner," he told a news conference.
He said he believed monetary authorities in other countries as well as Japan were closely monitoring movements in the foreign exchange market. The dollar fetched around 102.75 yen in Tokyo on Wednesday, down from 103.08 in late U.S. trade but above Friday's low of 102.15 yen -- the lowest rate since March 2000.