Japan ready to take appropriate action vs volatile yen
TOKYO — Japan stands ready to take appropriate steps against excess volatility in the foreign exchange market while watching currency movements with a great sense of urgency, a top government spokesman said on Thursday.
Hirokazu Matsuno declined comment on the Group of Seven financial leaders statement issued on Wednesday, which reaffirmed their commitment that excessive exchange rate moves were undesirable.
The dollar was trading near 147 yen, edging closer to a high of 147.64 recorded in August 1998. (Reporting by Tetsushi Kajimoto; Editing by Jacqueline Wong)
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