Japan’s finance minister warns investors about surging yen

Japanese Finance Minister Taro Aso sent a warning to investors Friday about the surging yen, saying the government will “act appropriately” in the currency markets if deemed necessary.

“We have seen quite rough movements in the exchange rate recently,” Aso said at a regular news conference following a meeting of government ministers. “We will continue to watch the foreign- exchange market with a sense of tension, and we will act appropriately if that becomes necessary.”

The comments came as Japanese stocks fell sharply again in early trading. The Nikkei Stock Average was down more than 5% at the lunch break after falls Tuesday and Wednesday. Tokyo markets were closed Thursday for a holiday.

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