Japan's Noda: will take decisive steps on FX if needed

TOKYO, July 20 Wed Jul 20, 2011 1:27am EDT

TOKYO, July 20 (Reuters) - Japan's government will take decisive steps on currencies if needed to stem excessive or volatile moves, Finance Minister Yoshihiko Noda said on Wednesday.

Noda, speaking to lawmakers in parliament, also said currency markets were reflecting concerns about sovereign debt in Europe and the United States more than Japan's economic fundamentals. (Reporting by Stanley White; Editing by Chris Gallagher)

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