TOKYO -The Japanese authorities are in constant touch with their U.S. counterparts and stand ready to take appropriate action in the currency market against volatile yen moves, Finance Minister Shunichi Suzuki said on Tuesday.
"The BOJ is responsible for deciding monetary policy," Suzuki told a regular news conference, adding that the central bank's policy is aimed at achieving price stability.Japan has been conducting yen-buying interventions to address the currency's unwelcome sharp declines, driven in part by the divergence between the BOJ's ultra-loose monetary policy and aggressive interest rate hikes by the U.S. Federal Reserve.
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