Japanese Finance Minister Warns of Yen Depreciation, Prepared to Intervene in Markets

Japanese Finance Minister Shunichi Suzuki has warned speculators that she is ready to take action in the foreign exchange market if necessary, after the yen fell to a monthly low against the dollar due to rising U.S. inflation data. Suzuki stated that the positions of both countries have not changed since the joint intervention in July that supported the yen.