Japanese Finance Minister Shunichi Suzuki asserted on Monday that the government's intervention in the foreign exchange market has a "certain effect" and that the government intends to continue "taking measures as necessary."
Suzuki added that the government remains "strongly concerned" about speculative moves, stating that "recent rapid, one-sided" moves are "not desirable." He reassured that Japan will continue to monitor the foreign exchange market "with a high sense of urgency," acknowledging the domestic currency could weaken again against the dollar if the difference between interest rates in Japan and the United States continues to grow.
