The Asian number one finds himself on seven-under after three rounds, five shots off the pace set by the leading trio of Paul Dunne, Jason Day and Louis Oosthuizen.
After taking the turn in 34 courtesy of birdies at the second and ninth, Matsuyama birdied the 12th to move to nine-under, a score that would have seen him finish the day in a tie for sixth. However, bogeys at the 14th and 17th saw him drop back of the leaders.
Anirban Lahiri is the only other Asian player still in action, with the Indian ace sitting on six-under after a poor back nine saw him slump to a 71 when a much lower score appeared to be on offer.
Lahiri began the day well, birding the first, fourth and ninth holes to take the turn in 33. A further birdie at the 11th saw him improve to nine-under, but like many before him, Lahiri came unstuck on the closing holes, bogeying the 13th, 14th and 17th to finish on six-under.