Yen Falls a Second Day as Japan Reiterates Ability to Intervene
- Aso says U.S. doesn't object to Japan's currency policy
- Yen declines against all of its peers in Group of 10
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The yen weakened for a second day after Japan’s Finance Minister said the government can intervene to stabilize foreign-exchange markets if necessary.
Japan’s currency fell against all its Group-of-10 peers after Taro Aso, speaking in parliament in Tokyo Tuesday, reiterated that the U.S. doesn’t object to the Asian nation’s policy. His comments came a day after he said “it’s natural that Japan has means to intervene” in the foreign-exchange markets.