Japan's Finance Minister Shunichi Suzuki (pictured) stated on Tuesday that he "won't deny" that last week's discussions, held in the United States, "laid the groundwork" for Japan to undertake "appropriate action" on the foreign exchange (FX) market.
He added that he expressed Japan's concern over the rising cost of imports due to the weak yen, during a trilateral meeting held between Japan, the US and South Korea.
He also stated that a weak yen has "merits and demerits" on the economy.
