Bank of Korea on guard as yen drops

01/14/2013 | Yonhap News Agency (South Korea)

Movements in the yen will be watched closely, the Bank of Korea says, noting that it will act if the Japanese currency's slide begins to cut into South Korean exports. "If the won's volatility increases, including a steep drop in the Japanese yen, active responses to minimize any negative impacts on exports and investor confidence should be taken as necessary via smoothing operations and macro-prudential measures," bank Gov. Kim Choong-soo told reporters.

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Yonhap News Agency (South Korea)

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