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FEB 03, 2013 - Yahoo! News

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Japan finance minister Aso: weak yen result, not goal of anti-deflation policies

TOKYO (Reuters) - Japan's Finance Minister Taro Aso on Sunday said it was not Tokyo's goal to weaken the yen and its policies were purely aimed at beating deflation, brushing off foreign concerns about currency wars ahead of a G20 meeting in Moscow. Japanese Prime Minister Shinzo Abe's calls for aggressive action by the Bank of Japan (BOJ), which has prompted a slide in the yen, has raised alarm in Europe it could contribute to a "currency war" as other central banks adopt similar policies. "We have launched policies aimed at ending deflation. ...

Tags: Japan finance minister Aso: weak yen result, not goal of anti-deflation policies,  Bank Of Japan Latest News