27 June 2002, 09:33  Japan's Kuroda - Mkt turmoil averted; MoF maintains effort to stabilise forex

TOKYO (AFX-ASIA) - Deputy Finance Minister for International Affairs Haruhiko Kuroda said he believes the risk of turmoil in the financial markets has been avoided, adding that the ministry will try to keep forex rates stable. "The world economy as a whole is on a recovery trend and in the process there was the possibility financial markets will face turmoil but I think this has been averted," Kuroda told reporters in the ministry. "We will continue our utmost efforts to stabilise the forex rates." em/tb/jg

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