Finance Minister Shunichi Suzuki on Tuesday reiterated that sharp yen moves were “undesirable” and that he was watching rising volatility in the exchange market with a “great sense of urgency” as the currency hit a fresh 24-year low past ¥141 to the dollar.
It was Suzuki’s latest verbal warning on the currency but it was not considered as strong as comments made in July, when a fall beyond 139 to the dollar prompted him to say he was “concerned.” Suzuki’s comments on Tuesday were made before the yen hit the new low.
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