2 April 2001, 17:51 MIYAZAWA: WATCHING FX CLOSELY; TANKAN WITHIN EXPECTATIONS
Japanese Finance Minister Kiichi Miyazawa reportedly said currency
movements in the foreign exchange market since the middle of last week
have been too rapid and are somewhat abnormal. He was quoted as saying,
"We need to watch them carefully." On the Tankan, he said the results
were within his expectations and he saw no need to consider further
fiscal stimulus spending measures. He also said it was too early to draw
conclusions about corporate capital spending from the data.
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