Japan finance minister Suzuki: • Excess FX volatility, disorderly moves can hurt economy, financial stability. • Told G20 Japan is deeply worried about recent sharp forex volatility. • Explained that the recent Yen intervention was prompted by excess moves by speculators. • Cannot tolerate excess moves by speculators. • We'll respond appropriately to excess FX volatility. • Other countries made no comment on Japan's intervention. • He reaffirmed previous G7 and G20 commitments on currencies. • Monetary policy tightening is having an impact on the global economy. These comments, using words such as 'excess', ... (full story)