Japan will take appropriate action to counter excessive volatility in the currency market without ruling out any options, Finance Minister Shunichi Suzuki says, as the yen weakened further and neared the psychologically important 155 line against the U.S. dollar.
Japan is keeping tabs on factors driving the yen's fall relative to the U.S. dollar and will respond as appropriate to excessive volatility without ruling out any options, Finance Minister Shunichi Suzuki says
Japan will take appropriate action to counter the yen's excessive moves without ruling out any options, a senior Japanese official says after the yen plunged past 153 against the U.S. dollar overnight.
The yen fell into the 152 range against the U.S. dollar on Wednesday in New York for the first time in nearly 34 years as strong U.S. inflation data added to expectations that the Federal Reserve will
Japan's top currency diplomat Masato Kanda says the yen's fall has been "very rapid" and driven in part by speculative moves, warning the government will respond "appropriately" if required.