Yen's fall risks Malaysia devaluation

MALAYSIA - Malaysia's Prime Minister Mahathir Mohamad has said his country may be forced to devalue the ringgit, if the Japanese yen continues to decline in value.

Dr Mahathir said he told Japan's Prime Minister Junichiro Koizumi he was concerned about the impact of the yen's fall on other Asian currencies at their meeting on 10 January.

Malaysia's ringgit has been pegged to at 3.8 to the US dollar since the Asian financial crisis of 1997, but Dr Mahathir said Malaysia may need to "re-think"

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