Japan's Yen Hits a Fresh Three-Decade Low of 154
- Finance minister Suzuki refrains from threat of ‘bold’ steps
- Tokyo officials in difficult spot as they meet IMF, G7 peers
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Japan’s finance minister stopped short of issuing his strongest warning on possible market intervention in comments that fueled renewed yen weakness after the currency slumped to a fresh 34-year low overnight.
“We are closely monitoring the latest developments,” Shunichi Suzuki said Tuesday in Tokyo before his departure to Washington for annual International Monetary Fund events and meetings of finance chiefs of the Group of Seven and Group of Twenty nations. “We are prepared to take all possible measures to respond to the situation if it is necessary.”