Japanese Finance Minister Shunichi Suzuki said an interest rate gap with the US is just one of many factors weighing on the yen, which is hovering around a 34-year low against the dollar. “The level of exchange rates is not only determined by the difference in interest rates, but also by various factors” including economic conditions, market sentiment and speculation, Suzuki said on Thursday in Washington, after a meeting of finance ministers and central bankers from the Group of 20 nations. “I don’t believe that the rate difference alone is setting the current level.” Currencies were not on the G-20 agenda and ... (full story)