TOKYO, Aug 31 (Reuters) - Japanese deputy finance minister
Motohisa Ikeda said on Tuesday that the government is ready to
take decisive steps if the yen rises rapidly, signalling the
possibility of currency intervention.
'We must take decisive steps against rapid moves (in currencies),' Ikeda told a symposium.
He also said unsterilised intervention would be effective to stem the yen's appreciation, and that the BOJ's cooperation would be needed to achieve this.
(Reporting by Tetsushi Kajimoto; Editing by Joseph Radford)
((tetsushi.kajimoto@thomsonreuters.com; +81 3 6441-1829; Reuters Messaging: tetsushi.kajimoto.reuters.com@reuters.net)) Keywords: JAPAN ECONOMY/IKEDA (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We must take decisive steps against rapid moves (in currencies),' Ikeda told a symposium.
He also said unsterilised intervention would be effective to stem the yen's appreciation, and that the BOJ's cooperation would be needed to achieve this.
(Reporting by Tetsushi Kajimoto; Editing by Joseph Radford)
((tetsushi.kajimoto@thomsonreuters.com; +81 3 6441-1829; Reuters Messaging: tetsushi.kajimoto.reuters.com@reuters.net)) Keywords: JAPAN ECONOMY/IKEDA (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
