Shiokawa hints at currency intervention

JAPAN - Finance Minister Masajuro Shiokawa suggested today, 31 August, that the government might intervene in the currency market to halt the appreciation of the yen.

The Finance Ministry is empowered to conduct foreign exchange policy and has been under some pressure to halt the recent rise in the currency, which has appreciated 5% this month.

Some analysts have suggested that a weak-yen policy should be used to offset the deflationary impact of domestic restructuring and the cap on governmen