By Megumi Fujikawa
Japan’s finance minister on Friday reiterated concerns about the yen’s rapid falls and his readiness to intervene in the foreign-exchange market.
“There is no change at all in our stance that we will take appropriate action, if there are any excessive moves” in the currency market, Shunichi Suzuki said at a news conference.
The comment came after the yen fell below the 150 threshold against the dollar on Thursday for the first time since August 1990. The pair last stood around 150.18.
Mr. Suzuki said that a weak yen could boost Japanese companies’ overseas earnings but it is important for the government to ease the negative effects, such as increases in prices.
Government data released earlier Friday showed that consumer prices rose 3% from a year earlier in September.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
