Japan's finance minister Jun Azumi has warned that the central bank is ready to take decisive action to offset further accelerations in its currency.Japan recently carried out a currency market intervention selling an estimated daily record of around ¥7.5 trillion, which bolstered the dollar in the short term. However the finance minister stated that this wasn’t enough, and currency levels were still 'unpleasant'.Japan recorded its first trade deficit since 1980 in 2011, owing to soaring oil prices and high currency values.Exports in the country decreased 2.7 per cent from 2010 to ¥65.554 trillion. Car exports declined 10.6 per cent and electronic parts by 14.2 per  cent.Masahiko Mori, president of machine-tool maker Mori Seiki Co, has started to move operations abroad, describing recent shifts as a 'turning point'.Mr Yamaguchi told business leaders in Takamatsu, western Japan that the Bank of Japan will "strive to continue to take appropriate policy responses with due recognition that there is a high degree of uncertainty for the time being, including the effects of a slowdown in overseas economies and the appreciation of the yen".For more information on foreign exchange treasury services and risk management, visit our Corporate FX site