Japan Warns Against Weak Yen and Stands Ready to Act
Japan remains on alert for excessive yen declines and stands ready to intervene in currency markets despite recent fluctuations. Finance officials continue monitoring rate differentials.
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Japan warned on Friday that it remains ready to intervene in currency markets to combat excessive declines in the yen, despite a recent 2% surge against the United States dollar. The warning highlights ongoing tensions over exchange rates following international finance talks. The USD/JPY pair fell to 155.305 before recovering to 156.43 in late Asian trading.
