11 June 2001, 09:58  TOKYO (AFX-ASIA) - Ministry of Finance international affairs bureau

TOKYO (AFX-ASIA) - Ministry of Finance international affairs bureau chief Zenbei Mizoguchi described as "relatively stable" the current dollar/yen level, although the ministry will maintain a watch over forex market movements. "I think the dollar yen is relatively stable but we will keep an eye on the market movement," Mizoguchi told AFX-ASIA. Asked whether a weaker yen would benefit corporate earnings, he said: "We have no intention to guide the yen lower."

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