OSAKA, Japan, Oct 15 (Reuters) - Japanese Finance Minister Hirohisa Fujii reiterated on Thursday that countries must not compete in devaluing their currency to help their exports.
"Currency dumping in 1930 ruined the world economy," Fujii said in a meeting with business leaders in Osaka, western Japan.
He also said that Japan should not rely too much on exports for economic growth and that the government is striving to turn the economy into one led by domestic demand.
Earlier, Fujii was quoted by Jiji news agency as saying a stable currency was important both domestically and internationally. (Reporting by Tetsushi Kajimoto)