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«AgroInvest» — News — Japan's Azumi: Govt. to take appropriate action on yen

Japan's Azumi: Govt. to take appropriate action on yen

2012-07-06 11:07:57

Japan's Finance Minister Jun Azumi said Friday that the government will take appropriate action on yen, if the currency gains hurt the economy's recovery.

The government intervened in the currency market last year to stem excess gains in yen. The crisis in Europe has pushed yen higher due to its safe-haven status.

Meanwhile, Reuters new agency quoted Azumi as saying that the government could run out of cash by October. He was making a plea on Friday before the opposition parties for clearance of the deficit financial bill, which would allow the government to sell bonds to cover the budget gap.

 

RTTNews