Japan may step into currency market amid European political uncertainty

Global Times Monday 7th May, 2012

Japan is strictly monitoring the currency market to eliminate any speculative moves benefiting from political uncertainty in Europe, Finance Minister Jun Azumi said Monday, indicating possible interventions to stem yen's sharp rise. "I think there is a possibility that the results of elections (in France and Greece) have amounted to some destabilizing factors pushing stock prices lower and leading the yen higher," local media cited Azumi as sayi...

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