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Japan Finance Chief Sends Warning After Yen’s Renewed Weakening
Japan’s Finance Minister Shunichi Suzuki sent a warning shot to investors on Friday, relating that he had told his Group of 20 counterparts that there will be cases when appropriate responses are required in foreign exchange markets. “I said that excessive moves in the currency market are undesirable, and that there are cases that require appropriate responses,” Suzuki told reporters Friday. He was describing remarks in a meeting with G-20 finance ministers and central bankers in Marrakech, Morocco. Japan’s appetite for intervening to shore up the yen has been a key focus for traders lately, with the currency ... (full story)