Japan indicates it is ready to act on the foreign exchange market if the high volatility of the yen persists

TOKYO: Japanese Finance Minister Shunichi Suzuki said on Friday that he would not rule out any possibility of action in the foreign exchange market if the sharp fall in the yen persists.

Suzuki told ministry reporters he was concerned about the recent rapid, one-sided weakening of the yen, which hit a 24-year low against the dollar earlier this month.

“If such measures persist, the authorities will take the necessary measures without ruling out any options,” he said.