TOKYO : Japan will not rule out any options in responding to currency market moves that become excessive, Finance Minister Shunichi Suzuki said on Thursday, firing off a fresh warning and adding that one-sided, unstable yen moves were undesirable.
"We are watching the currency moves even more closely," Suzuki told reporters, while declining to comment on currency levels. In Japan, dollar-selling, yen-buying intervention is rare as the record shows its currency officials focused mostly on curbing the yen's strength against the dollar, which threatened to damage the all-important export sector.
Japanese officials stopped short of declaring"decisive steps" or expressing"deep concern" about yen moves, however, which suggested that action might not be imminent.
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