| 22.01.2009 - Japan says watching currencies, mum on intervention |
| From Reuters: Japan's top currency bureaucrat said on Thursday that he was monitoring foreign exchange markets but declined to comment on whether Tokyo would intervene to rein in the yen, which hit a 13-year high against the dollar. "I am watching market moves closely," Naoyuki Shinohara, vice minister for international affairs, said. Asked about the possibility of Japanese authorities intervening in markets to stem the yen's surge, he said: "No comment on intervention.".... Full Article: Source |