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To: H James Morris who wrote (64494)6/24/1999 9:15:00 PM
From: GST  Read Replies (1) of 164684
 
Interesting comment on yen intervention. Rubin said on CNBC that Japan should leave the yen to the markets. Japan acknowledged this today. BTW -- have you seen what Softbank is up to? Unbelievable.

Thursday June 24, 8:52 pm Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

Not mulling U.S.-Japan forex
intervention-Miyazawa

TOKYO, June 25 (Reuters) - Japanese Finance Minister Kiichi Miyazawa said on
Friday that he is not considering joint intervention by the United States and Japan in
the foreign exchange markets.

Asked for his views on recent reports that U.S. Treasury Secretary Robert Rubin appeared not to be supportive of
Japan's recent currency market intervention, Miyazawa said it had not been confirmed to whom Rubin made those
comments or whether they were even made in the first place.

Miyazawa added, however, that, ''Our cooperation will not be torn apart.''
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