Japan closely watching yen moves 'with urgency': Finance Minister Aso

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Japan closely watching yen moves 'with urgency': Finance Minister Aso
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Japanese Finance Minister Taro Aso said on Tuesday he was monitoring currency mo...

FILE PHOTO - Japan's Finance Minister Taro Aso answers a question during a news conference of the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 9, 2019. Eugene Hoshiko/Pool via REUTERS

While declining to comment on specific foreign exchange levels, Aso underscored the importance of stability in the Japanese currency, which tends to be perceived as a safe-haven asset attracting demand when global markets are volatile. “Currency stability is important. We must closely watch the currency market moves with a sense of urgency,” Aso said.

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