Japan's new fin min says BOJ taking proper steps

New Japanese Finance Minister Koji Omi said Wednesday 27 September foreign-exchange rates should move in line with the strength of their underlying economies.

"Basically it's desirable for foreign-exchange rates to reflect (economic) fundamentals," he said.

Omi declined to comment to reporters on speculation in the financial markets that the Bank of Japan may raise interest rates one more time this year. Still, Omi said, "I feel that the Bank of Japan overall has been taking proper policy steps

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