Japan finmin: FX intervention an option if yen moves too rapid
TOKYO Nov 7 (Reuters) - Japanese Finance Minister Koriki Jojima said on Wednesday currency intervention will become an option if Tokyo deems exchange rate moves to be too rapid.
"We're monitoring currency markets with a sense of urgency and will respond as appropriate," Jojima said in a parliamentary committee, although he declined to say specifically what kind of yen moves would be considered as excessive.
Jojima said Japan's economy was in a severe state and there was a possibility it was slipping into recession.
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