Japanese Finance Minister Shunichi Suzuki says authorities would take action on yen if sharp weakening persists.
Suzuki concerned about recent rapid and one-sided weakening of yen.
The Japanese yen has been on a downward trend against the US dollar for several months now, and Finance Minister Shunichi Suzuki is worried about the consequences this could have for the Japanese economy. In an interview with Bloomberg, Suzuki said that the authorities would take "necessary action" if the yen's sharp weakening persisted.
Yen hits 24-year low against dollar earlier this month.
The yen hit a 24-year low against the dollar earlier this month, and has weakened by around 24% against the greenback in the past few months. This rapid depreciation of the yen could have negative implications for Japanese exports and inflation.
Suzuki says "necessary action" would be taken without ruling out any options.
No specific actions or options mentioned.
In an interview with Japanese broadcaster NHK, Finance Minister Shunichi Suzuki said that the authorities would take "necessary action" if the yen's sharp weakening against the dollar persisted. He did not rule out any options, including intervention in the foreign exchange market.
The yen has been weakening rapidly against the dollar in recent months, and this has raised concerns about the impact on the Japanese economy. The yen hit a 24-year low against the dollar earlier this month, and Suzuki said that this could have negative consequences for Japan.
If the yen continues to weaken, Suzuki said that the authorities would consider all options, including intervention in the foreign exchange market. However, he did not specify what form any intervention might take.
This is a developing story, and investors should watch for further developments.
Takeaway for investors.
Watch for further developments on this story.
Investors should keep an eye on this story as it develops. While no specific actions or options have been mentioned, the Japanese government is clearly concerned about the rapid weakening of the yen. If the yen continues to weaken, investors can expect some sort of intervention from the authorities. This could have implications for the Japanese economy and financial markets, so it is a story worth watching closely.