Japan finance minister says forex intervention should be done in restrained manner

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Japan finance minister says forex intervention should be done in restrained manner

TOKYO - Finance Minister Shunichi Suzuki said on Friday that recent foreign exchange intervention was conducted to contain excessive volatility, but such action should be done in a restrained manner.

Data from the Ministry of Finance showed last week that authorities spent 9.79 trillion yen intervening in the market to support the yen over the past month.

 

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