Japan's finance minister warns against currency market moves

Japan's finance minister Suzuki has issued another warning against excessive currency market moves on Tuesday.

He suggested recent developments have created the conditions to resolve the sharp drop in the yen. Suzuki said he expressed strong concern over the yen’s depreciation at a series of meetings last week in Washington. One of them included the financial chiefs of Japan, the United States and South Korea.

Suzuki said he told officials at the meetings that the weaker yen is pushing up import prices in Japan and he believed that he was able to convey the seriousness of Japan’s situation to the other countries.