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An Hour Ago
Watching yen moves with ‘urgency,’ says Japan’s finance minister
Japan’s finance minister said Friday that he was monitoring yen’s moves “with a strong sense of urgency,” according to a Reuters report, adding that a weak yen has its merits as well as demerits.
“Currency rates are set by markets reflecting fundamentals. Rapid moves are undesirable and stable moves are desirable,” Suzuki reportedly told a lower house session of parliament.
The yen weakened on Friday and was trading at the psychologically key 150 per dollar level, a…
