November 26, 2009 / 9:29 AM / 9 years ago

Japan PM: fx showing dlr weakness not yen strength

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, Nov 26 (Reuters) - Japanese Prime Minister Yukio Hatoyama said on Thursday that recent moves in currency markets reflect the dollar’s weakness rather than the yen’s strength.

“It is not desirable for currencies to move rapidly. It is natural that the finance minister would consider some steps,” Hatoyama told reporters.

The dollar slumped to a 14-year low of 86.52 yen JPY= on Thursday, as comments by deputy finance minister Yoshihiko Noda to Reuters reinforced a view that Japan would not step into the markets to try to combat persistent dollar weakness. [ID:nT371315] (Reporting by Yoko Nishikawa and Hideyuki Sano) ((yoko.nishikawa@thomsonreuters.com; +81-3-6441-1830; Reuters Messaging; yoko.nishikawa.reuters.com@reuters.net))

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