Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday, signalling readiness to intervene in the exchange-rate market after the yen's slide to a fresh 38-year low against the dollar. "It's desirable for exchange rates to move stably. Rapid, one-sided moves are undesirable. In particular, we're deeply concerned about the effect on the economy," Suzuki told reporters. "We are watching moves with a high sense of urgency, analysing the factors behind the moves, and will take necessary actions," he said. Chief Cabinet Secretary Yoshimasa Hayashi also told a ... (full story)