Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023.
"When there is an excessive movement, it may be necessary to smooth it out," he told CNBC's Dan Murphy, according to a translation.
Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country's policymakers if the yen moved in sharp directions that started to impact households and companies.
The finance minister declined to comment when asked whether current levels for the yen were appropriate.
In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose strategy.
Persons:
Shunichi Suzuki, CNBC's Dan Murphy, they've, Nicholas Smith
Organizations:
Toki, Japanese Finance, CNBC
Locations:
Niigata, Japan, Tbilisi , Georgia, propping