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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