Japanese Finance Minister Shunichi Suzuki said on Monday that the government would keep monitoring the currency market and respond appropriately, as the yen weakened to its lowest in more than a year near 152 to the dollar.
“Excessive moves are undesirable,” Suzuki told reporters when asked about the government’s steps on the foreign exchange market. “Currencies should be set by the market reflecting fundamentals.”
The Japanese currency, down almost 14% this year, weakened again although…
