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Finance Minister Sadakazu Tanigaki said Sunday that Japan will take action against the yen’s continued rise but coordinated intervention with U.S. or European monetary authorities will be difficult.

“We should intervene in the market timely and appropriately when we see moves different (from economic fundamentals),” Tanigaki said on a TV program. Tanigaki said he believes the dollar is not in a situation in which it will keep declining single-handedly, as the U.S. economy is doing well.

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