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Japan ready to take action if yen falls sharply, finance minister says

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The Japanese government stands ready to take action if the yen weakens too sharply, Finance Minister Shunichi Suzuki said Tuesday.

“We are watching [the foreign exchange market] with a strong sense of urgency,” Suzuki said at a news conference on Tuesday. “We will take every possible measures” against excessive moves in the yen.

Suzuki reiterated that the government wasn’t targeting any specific yen level but focusing on volatility. The yen USDJPY, was last at around 149.85 against the dollar.

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