Japan's finance minister vows 'appropriate steps' to tackle volatile yen moves

TOKYO - Japanese Finance Minister Shunichi Suzuki said the government will take appropriate steps against excessive currency market volatility, following the yen's slide to a fresh 32-year low and towards the key psychological barrier of 150 to the dollar.

Suzuki's remarks came after the yen hit 149.91 to the dollar in overnight trading, its weakest since 1990. The greenback stood around 149.84 in early Asia trading on Thursday. The yen has fallen against the dollar as investors focused on the policy divergence between the US Federal Reserve's aggressive interest rate hike plan and the Bank of Japan's pledge to keep monetary policy ultra-loose.

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