TOKYO (MNI) – Finance Minister Jun Azumi told reporters on Tuesday
said he will stop discussing foreign exchange levels, after his
parliamentary testimony on specific intervention levels caused
repercussions last week.
At the House of Representatives Budget Committee on Friday, Azumi
said he instructed a forex intervention when the dollar fell to a
critical level of Y75.63 on Oct. 31 and that Japan stopped massive
dollar buying for yen when the U.S. currency had recovered to Y78.20.
Later on that day he told reporters that he was simply repeating a
statement made by an opposition party lawmaker who asked the minister
about his resolve to prevent the strong yen from hurting Japan’s
export-led recovery.
“I will pay more attention (to what I say) if I caused confusion,”
Azumi told a regular briefing on Tuesday. “I will not mention figures
again.”
tokyo@marketnews.com
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[TOPICS: M$A$$$,M$J$$$,MGJ$$$,MT$$$$]
