TOKYO :Japanese Finance Minister Shunichi Suzuki said there was"no truth" to media reports that he had discussed with U.S. Treasury Secretary Janet Yellen a joint currency intervention to stem yen weakness during their meeting last week.
The minister also stressed the need for currency stability, saying that rapid moves were undesirable, following the G7 agreement that excess volatility and disorderly moves can have adverse effects on economy and financial stability.
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Japan Finance Minister denies report that Japan, US to intervene on yenTOKYO : Japanese Finance Minister Shunichi Suzuki said there was 'no truth' to media reports that he had discussed with U.S. Treasury Secretary Janet Yellen a joint currency intervention to stem yen weakness during their meeting last week.Suzuki told reporters that the two confirmed the need to stick to t It worked last time, stocks rallied. USTreasury WhiteHouse
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