Japan ‘deeply concerned’ about rapid, one-sided forex moves, finance minister says

TOKYO, June 28 (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday that the authorities were “deeply concerned” about the impact of “rapid and one-sided” foreign exchange moves on the economy, as the yen declined to 38-year lows past 161 per dollar.

Speaking at a regular press conference, Suzuki said authorities would respond appropriately to excessive currency moves and that confidence in the Japanese currency is maintained.