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Japan finmin: remarks vs intervention were general

Published 09/28/2009, 03:38 AM
Updated 09/28/2009, 03:39 AM

TOKYO, Sept 28 (Reuters) - Japanese Finance Minister Hirohisa Fujii said on Monday that he was speaking generally when he made a previous remark that Tokyo should not intervene in currency markets.

Asked whether he was sticking to his earlier stance that Japan should not intervene to stem yen rises, Fujii said: "I was saying that in a general way. What's important is the idea agreed upon at the London (G20) summit" in early September.

The dollar fell to an eight-month low of 88.23 yen on Monday as investors unwound short yen positions and as expectations faded that Japan would intervene at these levels. (Reporting by Hideyuki Sano and Tetsushi Kajimoto; Editing by Hugh Lawson)

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