17 May 2002, 16:59  Japan Mizoguchi Repeats No Reason For Stronger Yen

Senior Ministry of Finance official Zembei Mizoguchi reiterated that the MOF's stance on foreign exchange is unchanged, adding that current conditions do not warrant a stronger yen, given the fundamental strength of the US economy compared with Japan, reports said. He said that stable moves in forex rates were desirable. //MarketNews

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