14 September 2001, 08:54 Koizumi - Japan to take necessary measures with partners on forex, stocks
TOKYO (AFX-ASIA) - Prime Minister Junichiro Koizumi said the
government will take any necessary appropriate measures in cooperation
with the US and Europe in the foreign exchange and stock markets.
"In general, the dollar will be strong against major currencies
during a wartime situation," Koizumi said.
"But these days that cannot be assured so we will consider a range
of scenarios and take appropriate measures by maintaining close
cooperation with partners," he said.
Koizumi was responding to a question in a budget committee on how
the country will react to the terrorist attacks in the US.
"At present we are not seeing so much turmoil in the forex and
stock markets but we will keep a close watch on market movements and
take appropriate measures if necessary," he said.
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