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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: CalculatedRisk3/8/2005 12:17:36 AM
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Japan's Watanabe: ready to act on abrupt FX moves
Mon Mar 7, 2005 11:39 PM ET
TOKYO, March 8 (Reuters) - Japan's top financial diplomat, Hiroshi Watanabe, said on Tuesday that it was ready to intervene if the foreign exchange market moved abruptly.

"We are ready to (act) if there are abrupt moves," Watanabe, vice finance minister for international affairs, told foreign correspondents when asked when Japan might resume its intervention in the foreign exchange markets. The government has stayed out of the market for a year since its aggressive dollar-buying campaign in the 15 months to March 2004.

yahoo.reuters.com
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