Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 9:30 AM EST

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To: Oracle who wrote (6715)	8/16/1998 9:56:00 PM
From: Steve Fancy	Read Replies (1) of 22640

MOF's Kuroda says to act appropriately on weak yen Sunday August 16, 8:24 pm Eastern Time TOKYO, Aug 17 (Reuters) - Senior Finance Ministry official Haruhiko Kuroda said on Monday that Japan was ready to take appropriate action to deal with a weak yen when necessary. Asked if the rate of 147 yen to the dollar was a peak, Kuroda told reporters at the ministry that the recent exchange rate of 146 to 147 yen to the dollar was excessive. ''An excessively weak yen against the dollar is not favourable,'' he said.

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