Tag: Suzuki Shunichi

Another day, another warning from Tokyo curbed the yen's decline, as the Asian currency inched closer to the 34-year low of 151.975 yen it hit last week, prompting repeated warnings of intervention. Japan's finance minister, Shunichi Suzuki, reiterated his warning of a bear market for the yen on Tuesday as Tokyo tries to prevent the currency's decline from destabilizing. After the initial shock of stronger-than-expected U.S. manufacturing data, which made the market skeptical about the Fed's timing for a rate cut, the market seems to be taking more and more evidence of economic strength in stride.