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Japan's finance minister says yen intervention may be necessary when there are ‘excessive' moves

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Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country’s policymakers if the yen moved in sharp directions.

Japanese Finance Minister Shunichi Suzuki declined to comment when asked whether current levels for the yen were appropriate.

"When there is an excessive movement, it may be necessary to smooth it out," he told CNBC's Dan Murphy, according to a translation. 32-year-old mom's Poshmark side hustle brings in nearly $4,000 a month — she only works 3 to 4 hours a day"The government has been refusing to disclose whether they've been intervening or not, but I don't think many people have any doubts," Nicholas Smith, Japan strategist at CLSA, told CNBC earlier this week.

 

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