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Japan will respond appropriately to excessive volatility in the foreign exchange market, its top currency diplomat says in a fresh warning against "speculative" and "disorderly" yen moves after market talk of interventions last week.
Japan is closely watching currency movements and is ready to take all necessary steps, Finance Minister Shunichi Suzuki says, amid market caution about intervention to slow the yen's fall to 34-year lows against the U.S. dollar.
Japan is closely watching volatility in foreign exchange markets and will respond appropriately to rapid movements, Finance Minister Shunichi Suzuki says, noting the yen has been depreciating significantly.