Japan finance minister warns against excessive yen weakening

TOKYO : Japan would take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar.

Suzuki warned against investors pushing the yen too low as the currency weakened past 145 per dollar on Friday, a level which kept speculators wary of potential intervention from Japanese authorities. "It is important for currencies to move stably reflecting fundamentals," Suzuki told reporters."Sharp and one-sided moves are seen in the currency market lately. We will respond appropriately if the moves become excessive."Source: Reuters

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