BOJ's Fukui supports Japan's forex intervention

Toshihiko Fukui said on Wednesday 10 March that he endorsed the Japanese government's foreign exchange intervention policy, saying it was in line with the Bank of Japan's own efforts to pull the economy out of deflation quagmire.

"Irregular moves in the foreign exchange market and the broader financial market inflict great damage," he said.

When asked about his recent visit to the international meeting of central bankers in Basel, Switzerland, Fukui said he presented the following view: "We ar

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