Financial Times FT.com

Tokyo talks tough on yen intervention

By Mure Dickie and Lindsay Whipp in Tokyo

Published: December 18 2008 18:05 | Last updated: December 18 2008 18:05

In a marked sharpening of Tokyo’s language on the yen, senior government officials on Thursday highlighted the possibility of intervention to stem the Japanese currency’s rise against the dollar.

The tougher talk came after the yen hit a 13-year high of Y87.14 to the dollar in New York trading late on Wednesday.

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