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Japanese FM vows decisive FX moves

10-12-2010 14:32 BJT

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Japanese Finance Minister Yoshihiko Noda said on Tuesday that Japan will continue to take decisive steps against excessive currency moves. He said intervention was still an option, to help the dollar to recover further from a 15 year low against the yen.

His reiteration of Japan's currency stance comes after Japan attended the IMF meetings over the weekend and escaped overt criticism for last month's yen selling. Japan intervened in the currency market on September 15th, as the yen's steady rise threatened to derail Japan's export-reliant recovery from its worst recession in decades.

In the meantime, Japanese economic Minister, Banri Kaieda, echoed Noda's view that the yen's rapid rise is undesirable for achieving a self-sustainable recovery in the Japanese economy and beating deflation.

Editor:Xiong Qu |Source: CNTV.CN

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