Japan Deputy PM: To Take Steps To Counter Effects Of Strong Yen
TOKYO -(Dow Jones)- Japan's Deputy Prime Minister Naoto Kan said Friday that
the government will closely monitor the impact of the recent strong yen on the
economy, and is ready to take steps as needed to avoid a double-dip recession.
"During the Cabinet meeting there was talk that the recent strong yen will put
downward pressure on the economy. I will closely monitor its impact, and take
necessary steps to prevent the economy from hitting a second bottom," Kan said
at a press conference.
He also said he will talk with Finance Minister Hirohisa Fujii as needed about
steps to counter the strong yen.
-By Takeshi Takeuchi, Dow Jones Newswires; 813-6895-7552; Takeshi.Takeuchi@
dowjones.com
(END) Dow Jones Newswires
11-26-092117ET
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