TOKYO :Japanese Finance Minister Shunichi Suzuki said on Friday after the yen fell to a six-month low against the dollar that currency rates should be set by markets based on economic fundamentals. 'Currency rates should be determined by markets based on fundamentals,' Suzuki told a news conference after a re
TOKYO :Japanese Finance Minister Shunichi Suzuki said on Friday after the yen fell to a six-month low against the dollar that currency rates should be set by markets based on economic fundamentals.
Suzuki's remarks were softer than warnings Japanese authorities typically issue when they see yen moves as excessive, suggesting Tokyo is for now taking a cautious approach to the latest slide in the currency.
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