© Stocksak. FILE PHOTO: Shunichi Suzuki, Japan’s Finance Minister, speaks at a news conference following Japan’s intervention in the currency market for first time since 1998. This was to help the battered Japanese yen in Tokyo on September 22, 2022. REUTERS/Kim Kyung-Hoon
TOKYO, Stocksak – Monday’s Japanese Finance Minister Shunichi Suzuki declined to confirm that the government intervened on Friday when the dollar plunged more then 7 yen. Sources said this was due to authorities’ yenbuying action.
Suzuki told reporters at finance ministry that excessive speculation in the foreign exchange markets was unacceptable.