"Japan`s MOF warns against rapid forex moves
March 21, 2004 20:08:47 (ET)
TOKYO, March 22 (Reuters) - A senior Japanese Finance Ministry official warned on Monday against rapid moves in the foreign exchange market, hinting at the possibility of intervention by the Japanese authorities.
"We are closely monitoring the market," Zembei Mizoguchi, vice finance minister for international affairs, told reporters.
"Rapid moves are undesirable and... we will act as needed.""
I've been hearing a lot of chatter from various economists and the like that Japan has bottomed, and that it's time to be bullish in Japan. I'm interested in investing in Japan. I'd like to buy shares of a mutual fund or otherwise. Have any good ideas?
March 21, 2004 20:08:47 (ET)
TOKYO, March 22 (Reuters) - A senior Japanese Finance Ministry official warned on Monday against rapid moves in the foreign exchange market, hinting at the possibility of intervention by the Japanese authorities.
"We are closely monitoring the market," Zembei Mizoguchi, vice finance minister for international affairs, told reporters.
"Rapid moves are undesirable and... we will act as needed.""
I've been hearing a lot of chatter from various economists and the like that Japan has bottomed, and that it's time to be bullish in Japan. I'm interested in investing in Japan. I'd like to buy shares of a mutual fund or otherwise. Have any good ideas?