Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country’s policymakers if the yen moved in sharp directions that started to impact households and companies. Speaking to reporters at the Asian Development Bank’s annual meeting in Tbilisi, Georgia, he said that it was desirable for exchange rates to move stably. “When there is an excessive movement, it may be necessary to smooth it out,” he told CNBC’s Dan Murphy, according to a translation. The finance minister declined to comment when asked whether current levels for the yen were appropriate. He also wouldn’t comment on ... (full story)