Japan warns off excessive volatility as yen slides further

“We are watching exchange rate moves closely with a high sense of urgency and won’t rule out any options” in dealing with excessive moves, finance minister Suzuki said. — Reuters

TOKYO: Japanese Finance Minister Shunichi Suzuki says authorities won’t rule out any options in dealing with excessive yen moves, repeating his warning that Tokyo is ready to act against the currency’s recent sharp declines.

But he stopped short of describing the yen fall as excessive.