Tokyo officials again threaten currency market intervention

Tokyo

JAPANESE officials on Monday revived threats of currency market intervention with the yen back to its now-frequent bouts of instability, supporting the claim by Finance Minister Taro Aso and others that currency fluctuations are endangering recovery in the world's third-largest economy.

With the yen having jumped to a one-month high of 106.35 against the dollar last week, sending Tokyo stock prices to a four-week low, both Chief Cabinet Secretary Yoshihide Suga and Vice-Finance Minister for International Affairs Masatsugu Asakawa have threatened yen-selling intervention.