TOKYO: Finance Minister Taro Aso said on Tuesday that Japan's financial authorities will intervene in the currency market if "one-sided" yen rises persist.
"Japan has not and has no plans to manipulate currency moves on a long-term basis," Aso told parliament, though he added that it was a shared understanding among G7 and G20 nations that excessive currency volatility was undesirable.
"Japan obviously will intervene if one-sided moves persist," he said. "Currency moves have been one-sided and if this move accelerates, we're determined to stop it."
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