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Japan ready to curb yen rises

03-15-2011 09:22 BJT

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Japanese authorities warned against the yen's rise, as the currency rallied earlier Monday morning. Finance Minister Yoshiko Noda said he's closely watching yen moves, and is vowing to take decisive steps if needed.

This signaled Tokyo's readiness to step in to curb any rapid yen rises. After the comments, the dollar rebounded from near record lows against the yen, boosted by hedge fund buying. And the plunge in the stock markets also prompted a sell off in the currency.

Editor:Xiong Qu |Source: CNTV.CN

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