Financial and monetary officials in Japan held an emergency meeting on Nov. 9 to discuss the rising yen and freefall in stock prices as Republican Donald Trump moved closer to the White House.

“We will carefully follow market trends, and if current trends should continue we will take the necessary measures,” Masatsugu Asakawa, the vice minister of finance for international affairs, told reporters after the meeting.

The meeting was attended by officials of the Finance Ministry, the Financial Services Agency and the Bank of Japan.

With reports that Trump was winning the U.S. presidential election, the yen rose against the dollar by nearly 3 yen in trading on Nov. 9.

Japanese measures in the foreign exchange market were likely if the trends continued on Nov. 10 and beyond.