Japan Finance Minister Warns Against Speculation as Factors Drive Down Yen
• Japanese Finance Minister warns of "speculative" moves negatively impacting the yen • Factors driving currency moves include BOJ ending negative rates, Japan current account balance, price moves, geopolitics, market sentiment • Minister believes recent yen declines have some speculative moves not reflecting fundamentals • Yen hit 34-year low against dollar of 151.975 last week, now at 151.315 per dollar • Japan intervened in currency market in September and October 2022 to curb excessive yen declines