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Gold/Mining/Energy : Gold Price Monitor
GDXJ 110.89+1.8%Dec 10 4:00 PM EST
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To: Bobby Yellin who wrote (39334)8/21/1999 10:58:00 PM
From: goldsnow  Read Replies (3) of 116811
 
''Rather than a speculative movement, it is the buying of Japan's future,'' Miyazawa said in a Fuji Television program.

The comment marks a change in the finance minister's publicly stated views on the Japanese currency, and the first time that he clearly cited domestic factors as a reason for its recent rise.

Miyazawa had said in the past that the yen's rise against the dollar was partly due to problems in the United States, including uncertainty over the Federal Reserve's interest rate policy, which had made U.S. asset markets jittery.

moneycentral.msn.com
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