Aso Says Japan Will Take Action With Currency If Needed
- Currency market speculation `extremely concerning:' Aso
- Finance minister says U.S. report doesn't constrain response
Taro Aso
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
The recent jump in the yen is clearly a one-sided speculative move that is extremely concerning and Japan is ready to take action if needed, Japanese Finance Minister Taro Aso said on Saturday.
"A 5-yen move in two days is clearly a one-sided speculative move and is extremely concerning," Aso told reporters at Haneda Airport late Saturday, according to a transcript obtained by Bloomberg. "So that these speculative moves don’t continue, we will watch foreign exchange market moves with a sense of vigilance, and will act if necessary."