Regarding the yen’s record low in 37 and a half years, Finance Minister Suzuki warned market movements by saying, “We will take necessary measures as necessary.”

Minister of Finance Shunichi Suzuki
“We will analyze the background to this movement with a high level of vigilance and take the necessary measures as necessary.”

After making these remarks, Minister Suzuki once again warned the market, and added, “I am particularly deeply concerned about the impact on the economy.”

In the foreign exchange market, the yen remains at a historic low of 160 yen to the dollar, the lowest level in 37 and a half years.