Tokyo denies intention to depreciate yen

JAPAN - The Financial Times reported on Apr 17 that Japanese officials were attempting to deny rumours that Tokyo was trying to boost its flagging economy at the expense of other Asian exporters and the US by weakening the yen.

Haruhiko Kuroda, vice-minister of finance for international affairs, vehemently denied that Japan had concluded any deal with the US to weaken the currency, the FT reported. Japan was seeking a currency "in line with its economic fundamentals" and that at the moment the

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