06.06.2012 - Japan tells G7 strong yen hurts, signals intervention still option?
The yen’s strength and falling stock prices pose a risk to the Japanese economy, Finance Minister Jun Azumi told his G7 partners on Tuesday, signalling that Tokyo was prepared to intervene to curb its currency with or without the group’s approval. Mr Azumi spoke to reporters after an emergency conference call of Group of Seven finance chiefs devoted to the euro zone debt crisis, as alarm grows over the threat to the global economy posed by strains inside the 17-nation monetary union...............................................Full Article: Source
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