Japan’s Noda Warns of Action as Yen Again Nears Postwar High
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Japan’s finance minister warned he’s ready to intervene in the currency market again to stem a yen advance that risks slowing the nation’s recovery.
“An unstable situation is continuing,” Yoshihiko Noda, 54, said during a talk show yesterday on public television broadcaster NHK. “As foreign exchange market matters are my prerogative, I will continue to closely watch the markets and take bold action if it becomes necessary.”