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Japan finance minister warns against excessive weakening as yen strikes 7-mth low

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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.

Suzuki stopped short of saying he was 'deeply concerned' or declaring intention to take 'decisive steps', which were the phrases he used as a prelude to the last time authorities intervened in the currency market.

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