Japan to act if needed against speculative yen moves: finance chief

Japan is ready to respond to rapid, speculative currency movements if needed, Finance Minister Shunichi Suzuki said Thursday, a week after its intervention to stem the yen's sharp fall versus the U.S. dollar.Suzuki said rapid, one-sided currency fluctuations are undesirable, adding that the government is closely monitoring market developments. The yen-buying, dollar-selling intervention last week, the first since 1998, was meant to "correct" speculative movements."Foreign exchange rates should be determined by markets and it is important that they are stable," Suzuki said in Manila, where h…READ FULL ARTICLE