We are ready to intervene in foreign exchange markets(Japan)

Japan would take decisive action against any speculation in the market, said Monday the Minister of Finance of Japan Yoshihiko Noda, signaling the readiness of Tokyo to intervene to curb any new rise of the yen, after record high last week. The Japanese finance minister said the recently observed sharp strengthening of the currency and that will hold close discussions with the G7 countries around the foreign exchange market, while continuously monitoring the progress of the yen. “We will monitor more closely the markets to see if there is a speculative move. We do not exclude any measure and will take decisive action if necessary”.