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Japan's Nakagawa: need to avoid rapid forex moves

Thu Nov 13, 2008 12:26am EST

(For more stories on the financial crisis click [ID:nCRISIS])

Currencies  |  Global Markets

TOKYO, Nov 13 (Reuters) - Japanese Finance Minister Shoichi Nakagawa said on Thursday rapid moves in foreign exchange rates need to be avoided at all costs.

"Rapid foreign exchange rate swings would have a negative impact on the economy," Nakagawa told the upper house financial and monetary affairs committee. (Reporting by Leika Kihara)

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