Finance Minister Shunichi Suzuki reiterated on Tuesday that sharp movements in the yen were “undesirable” and that he was watching the growing volatility in the foreign exchange market with a “great sense of urgency” as the currency hit a new high. 24-year low passed ¥141 to the dollar. .
It was Suzuki’s last verbal warning on the currency, but it wasn’t considered as strong as comments made in July, when a drop past 139 to the dollar prompted him to tell himself “concerned”. Suzuki’s comments on Tuesday came before the yen hit the new low.
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