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9/26, 6:51 AM (Source: TeleTrader)
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Japan finance minister: Yen intervention had effect

Japanese Finance Minister Shunichi Suzuki asserted on Monday that the government's intervention in the foreign exchange market has a "certain effect" and that the government intends to continue "taking measures as necessary."

Suzuki added that the government remains "strongly concerned" about speculative moves, stating that "recent rapid, one-sided" moves are "not desirable." He reassured that Japan will continue to monitor the foreign exchange market "with a high sense of urgency," acknowledging the domestic currency could weaken again against the dollar if the difference between interest rates in Japan and the United States continues to grow.

Baha Breaking News (BBN) / DJ