Japan's Machimura: Recent forex moves quite rapid

Thu Mar 13, 2008 9:09pm EDT
 
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TOKYO, March 14 (Reuters) - Japan's top government spokesman said on Friday that recent currency market moves were quite rapid but that they reflect dollar weakness rather than yen strength.

Chief Cabinet Secretary Nobutaka Machimura, in a news conference, declined to comment on whether he saw a need for Japanese monetary authorities to intervene in the currency market to stem further yen rises. (Reporting by Leika Kihara; Editing by Hugh Lawson)

 

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