Reuters: US Dollar Report: Japan finmin: FX intervention an option if yen moves too rapid

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Japan finmin: FX intervention an option if yen moves too rapid Nov 7th 2012, 05:43 TOKYO | Wed Nov 7, 2012 12:43am EST TOKYO Nov 7 (Reuters) - Japanese Finance Minister Koriki Jojima said on Wednesday currency intervention will become an option if Tokyo deems exchange rate moves to be too rapid. "We're monitoring currency markets with a sense of urgency and will respond as appropriate," Jojima said in a parliamentary committee, although he declined to say specifically what kind of yen moves would be considered as excessive. Jojima said Japan's economy was in a severe state and there was a possibility it was slipping into recession.

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