Aso

Aso

Japan will carefully watch currency markets to ensure speculation doesn’t continue and will take action as may be necessary, Aso told reporters at Haneda Airport late Saturday.

The yen surged against the dollar to 106.5 on Friday for an 18-month high after the Bank of Japan didn’t deliver further monetary easing as markets had expected. The yen has climbed about 12 percent this year against the dollar.

 Aso’s comments came as the U.S. is stepping up rhetoric on foreign-exchange practices with a semi-annual Treasury report saying Japan is among countries that have been put on a watch list.

Aso said the April 29 report in no way constrains Japan’s ability to respond should any action be needed, according to the Nikkei report. Read more