Japan stays out of currency markets in January for record 22nd month+
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[January 31, 2006]

Japan stays out of currency markets in January for record 22nd month+

(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, Jan. 31_(Kyodo) _ Japan's monetary authorities did not intervene in foreign exchange markets in January for a record 22nd straight month, the Finance Ministry said Tuesday.

The ministry said it conducted no market intervention from Dec. 29 to Jan. 27, extending the longest intervention-free period since March 17, 2004, a sign that the yen has moved orderly against the U.S. dollar in reflection of economic fundamentals of the world's two biggest economies.



Japan's currency policy is controlled by the Finance Ministry with the Bank of Japan acting as its agent.

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