TOKYO - Japanese Finance Minister Shunichi Suzuki said on Wednesday authorities were ready to respond to excessively volatile moves in the exchange-rate market.
"It's desirable for currency rates to move stably reflecting fundamentals. Excessive volatility is undesirable," Suzuki told parliament."We will continue to monitor currency market developments carefully, and stand ready to respond with all means available," he said. Suzuki also said authorities were not looking at specific yen levels in deciding whether to take action. He declined to comment on what he deemed as excessively volatile moves.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home.