South Korean finance minister raises yen alarm

05/20/2013 | Yonhap News Agency (South Korea) · MK.co.kr (South Korea)

In an unprecedented statement for a finance minister, South Korea's Hyun Oh-seok hinted the government may intervene in foreign exchange markets to stem the yen's decline against the won. "The yen is falling at a faster pace than we had expected. I can clearly say that the government is not viewing this as just a temporary phenomenon," Hyun said, although he didn't specify what actions might ensue.

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Yonhap News Agency (South Korea) · MK.co.kr (South Korea)

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