• Kyodo

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Finance Minister Jun Azumi indicated Friday he sees no immediate need for additional intervention in the foreign exchange market, saying the yen has not sharply appreciated against the dollar since the government stepped in during late October.

Azumi said the government is closely watching the foreign exchange market, expressing his intention to “make various responses” to any speculative move or excess volatility in the yen’s exchange rate. But he also said the yen has not spiked since the intervention last month.

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