The top official of the Japan currency said recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive exchange rate drops following the Bank of Japan’s decision last week to raise interest rates for the first time since 2007. The currency slid to a 34-year low of 151.97 yen per dollar on Wednesday, prompting Finance Minister Shunichi Suzuki to send verbal warnings this year of Japan’s potential interventions Source
