Japanese Finance Minister Shunichi Suzuki on Friday stressed the need for foreign exchange rates to move stably by reflecting economic fundamentals, saying that excessive fluctuations should be rectified.
Speaking at a press conference during his visit to Georgia, Suzuki declined to comment on whether Japan intervened in the currency market when the yen spiked in a short span of time Wednesday in New York.
Japanese authorities have threatened to take appropriate action against excessive volatility in the currency market, with the yen falling sharply against the U.S. dollar.
