8 February 2002, 09:32  Koizumi - Govt has no intention to guide yen lower, forex should move calmly

TOKYO (AFX-ASIA) - Prime Minister Junichiro Koizumi said the government has no intention of guiding the yen lower, adding that the foreign exchange markets should move calmly. "As for the recent weakening of the yen, it is important (that) foreign exchange should move calmly. The government has no intention of guiding the yen lower," Koizumi told the parliamentary Upper House plenary session. "Our finance minister will argue this point at the G7 meeting in Canada."

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