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Japan Finance Minister vows to respond if yen weakening becomes excessive

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TOKYO : Japan's Finance Minister Shunichi Suzuki kept up verbal warnings on Tuesday against the yen's depreciation, saying he would respond appropriately if currency moves became excessive.Suzuki's latest warning shot came as the dollar traded at 143.43 yen, down 0.06 per cent from late U.S. levels. Japan

TOKYO : Japan's Finance Minister Shunichi Suzuki kept up verbal warnings on Tuesday against the yen's depreciation, saying he would respond appropriately if currency moves became excessive.

"We will closely watch currency market moves with a strong sense of urgency and will respond appropriately if the moves become excessive." "Rising prices have become a big policy issue," he added."We will closely watch price trends and impacts on people's livelihood and businesses."

 

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