Japan denies plan to change forex policy

Japanese officials on Tuesday 16 March sought to deflect growing speculation that they could soon scale back their foreign exchange intervention, aimed at preventing a higher yen from stifling an economic recovery.

Asked about the yen's renewed rise, Finance Minister Sadakazu Tanigaki told reporters: ''I am not going to comment on day-to-day moves. But there is no change in our basic stance".

''We are maintaining our policy of taking appropriate actions when there are abrupt movements (in the yen)

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