Yen Weakens Toward Level That Prompted September Intervention
- Japan stepped in when yen weakened to 145.90 in September
- Finance Minister Suzuki said officials will take proper action
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Japan’s currency dropped toward a level that triggered the first yen-buying intervention since 1998 in September, prompting a top official to voice concern.
Finance Minister Shunichi Suzuki said authorities are watching the currency’s trends with a high sense of urgency and will take steps if excessive moves are seen. His comments caused the yen to rise a bit, trading at 145.47 per dollar as of 3:01 p.m. in Tokyo.