Japan promised Thailand it would intervene in foreign exchange markets whenever necessary to help stabilize the baht, Finance Ministry officials said July 18.

The agreement came during an afternoon meeting between Finance Minister Hiroshi Mitsuzuka and his Thai counterpart, Thanong Bidaya, according to the officials. Mitsuzuka expressed support for the economic and financial policies the Thai government is currently implementing, adding that he believes Thai authorities will succeed in bringing the situation under control.

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