TOKYO: Japan’s foreign exchange market intervention in late April and early May had a certain impact, Finance Minister Shunichi Suzuki said on Tuesday.

Japanese authorities spent 9.79 trillion yen ($62.2 billion) intervening in the market to support the yen over the past month, Ministry of Finance data released on Friday showed.

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The intervention was conducted to address excessive moves in the currency market, Suzuki said, speaking at a regular post-cabinet meeting news conference.