MOF: Japan to halt yen gain should China revalue

Japan would sell yen should the currency rise in response to a revaluation of China's yuan, according to three former Japanese currency chiefs and a Ministry of Finance official.

``Should the yen rise irrationally after a revaluation, the authorities will send a message to the market,'' said Kosuke Nakahira, Japan's vice finance minister for international affairs from 1993 to 1995. It ``makes no sense'' to expect the yen to strengthen, said Nakahira, who now heads Japan's Institute for Interna