© Reuters. FILE PHOTO: Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank, following last month’s deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Tuesday that he would not rule out any measures to cope with the yen’s weakening, echoing a warning from Japan’s top currency diplomat.
“Rapid currency moves are undesirable,” Suzuki told reporters after a cabinet meeting. “It is important for currencies to move stably, reflecting economic fundamentals.”
Suzuki declined to comment on the possibility of authorities intervening into the currency market to stem the yen weakness.