Japan’s finance minister says the government will take appropriate measures on the currency front

TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday the government will take appropriate action in the currency market, repeating recent warnings from Tokyo that culminated last week in suspected interventions to counter a falling yen.

When asked about the government’s obligations to disclose whether or not it has intervened in the markets, Suzuki said authorities would “closely monitor market developments and take appropriate measures if necessary.”

Suzuki’s comment was made during a regular press conference after the cabinet meeting.

After the yen hit a 34-year low of 160.245 per dollar on April 29, Japanese authorities are suspected of spending more than ¥9 trillion ($57.92 billion) on market interventions last week to stabilize the currency. to support.

The dollar stood at ¥155.40 on Friday.