TOKYO Dec 28 Japan is watching closely for any
signs of renewed strengthening of the yen, Finance Minister Taro
Aso said on Friday.
"It is certain that the excessive yen gains that had been
seen until recently have been correcting, but there is a full
possibility that this might change, so we are closely watching,"
Aso told reporters he had said on a conference call with U.S.
Treasury Secretary Timothy Geithner.
He added that he had urged Geithner to do the utmost for the
United States to avoid the looming "fiscal cliff" of automatic
tax hikes and spending cuts, as it could have an impact not only
on the U.S economy but on other countries.
President Barack Obama and lawmakers are launching a
last-chance round of budget talks before a New Year's deadline
to avoid the fiscal cliff.