Japan's finance minister says yen intervention may be necessary when there are 'excessive' moves

Japan's Finance Minister Shunichi Suzuki emphasized the potential necessity for yen intervention during periods of excessive fluctuations to stabilize the market. Speaking at the Asian Development Bank's annual meeting, Suzuki supported interventions if sharp currency movements impact households and businesses, though he declined to confirm if recent interventions had occurred. Amidst speculation, the yen strengthened significantly against the dollar, hinting at possible government action, despite no official confirmation.