By Megumi Fujikawa
TOKYO–Japan’s Finance Minister Shunichi Suzuki said the government will consider various factors when judging whether the yen’s moves are “excessive.”
If one-way movements continue, it could be seen as excessive, Suzuki said Friday. He has said that the government stands ready to take action in the foreign-exchange market if excessive declines in the yen continue.
Suzuki declined to comment on whether the government conducted yen-buying intervention after the Japanese currency fell below 150 against the dollar earlier this week. The yen strengthened sharply after hitting the threshold, leading to speculation that the government may have intervened to prop up the currency.
Write to Megumi Fujikawa at [email protected]
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