Japan finance minister Suzuki responding to the data showing hefty intervention arouund four weeks ago (late April & early May):
Suzuki:
- Forex intervention had certain effects
- Forex intervention was intended to respond to speculative moves
- Says will continue to respond appropriately when asked about forex
- Concerned that automakers' certification irregularities could have large implications
USD/JPY has jumped up to around 156.40 from lows earlier around 156.00.
