NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Japan's Kan: govt agrees to try to stop yen rise

Published 11/30/2009, 04:47 AM
Updated 11/30/2009, 04:51 AM

TOKYO, Nov 30 (Reuters) - Japanese National Strategy Minister Naoto Kan said on Monday the government has agreed to try to stop the yen's appreciation, although he did not specify what specific steps it would take.

The government has also agreed to cooperate with the Bank of Japan as much as possible, Kan, who is also deputy prime minister, told reporters.

The government will be more proactive with regards to the size of an extra stimulus budget for responding to the economy's new situation, he said.

Ministers have previously planned to compile the extra budget by reallocating the 2.7 trillion yen ($31.37 billion) in spending that the new government has frozen in a budget compiled by the previous government. (Reporting by Rie Ishiguro) ((rie.ishiguro@thomsonreuters.com; +81 3 6441 1885; Reuters Messaging: rie.ishiguro.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ($1=86.07 Yen)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.