27 June 2002, 09:39  Japan's Muto - MoF to take action in forex market if needed

TOKYO (AFX-ASIA) - Vice Administrative Finance Minister Toshiro Muto said the ministry maintains its stance that it will take action in the foreign exchange market if necessary. "Basically our stance on the forex market has not changed. We will take action again if necessary, watching market conditions," he told reporters in the ministry. Asked whether the leaders of G8 countries will discuss the recent fall in the dollar at their summit meeting, Muto said: "I have not heard the G8 will discuss that issue."

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