Japanese Finance Minister Shunichi Suzuki warned Thursday that "appropriate steps" may be taken to address excessive volatility in the foreign exchange market, saying such fluctuations are "absolutely intolerable." In a parliamentary session, Suzuki said the recent rapid, one-sided weakening of the yen is "undesirable," after the yen slumped to a 32-year low against the U.S. dollar. It neared the psychologically important 150 yen mark. Japan intervened in the market on Sept. 22 to arrest the yen's sharp drop.
