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To: Karen E Hoof who wrote (13971)	6/30/1998 12:47:00 AM
From: Alex	Read Replies (3) \| Respond to of 116796

Japan Ready For Joint Intervention In Forex Market: Hashimoto TOKYO (Nikkei)-Prime Minister Ryutaro Hashimoto, in a TV interview Monday evening, indicated his administration's readiness to again intervene in thfe foreign exchange market with the U.S. in defense of the yen. Commenting on the Japanese currency's fall to around 142 yen to the dollar that day, Hashimoto said, "We are keeping a very close watch on the market. Wild exchange rate movements are not desirable. The best thing would be stability and moderate rate movements." At a joint news conference Sunday, U.S. President Bill Clinton and his Chinese counterpart Jiang Zemin recognized the importance of stabilizing the yen. Referring to their comments, Hashimoto said, "I believe they showed their readiness to cooperate with Japan's efforts to maintain the yen's value. I would like to count on their support." (The Nihon Keizai Shimbun Tuesday morning edition)