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'No Such Thing as Good or Bad' in Exchange Rates, Says Japan Govt Official
A senior Japanese government official said on Wednesday that there was no "good or bad" in exchange rates, in remarks that suggested Tokyo was not ready to take immediate action against the weaker yen. In an interview with Reuters, Deputy Chief Cabinet Secretary Seiji Kihara repeated authorities' common refrain that sharp moves in currency rates were undesirable and that the government would closely watch the impact of a softer yen on the economy. Asked about growing voices that the falling yen was problematic for Japan - including from its own finance minister, Shunichi Suzuki - however, Kihara said: "There's ... (full story)