• Kyodo


Finance Minister Masajuro Shiokawa and U.S. Treasury Secretary Paul O’Neill agreed Saturday to work toward sustainable global growth to prevent a world economic crisis in the aftermath of the Sept. 11 terrorist attacks in the United States, a Japanese Finance Ministry official said.

Briefing each other on actions taken by the two nations to prop up their economies, O’Neill expressed understanding for Japan’s yen-selling interventions, effectively tolerating them, the Japanese official and a U.S. Treasury spokeswoman said.

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