(For more stories on the Japanese economy, click [ID:nECONJP])

Bonds

TOKYO, March 12 (Reuters) - Japanese Finance Minister Naoto Kan said on Friday that markets should determine specific currency levels as long as exchange rates are moving stably.

"Basically, it's desirable for currency rates to move stably," Kan told an upper house budget committee meeting.

"I'm aware that the government has the option of intervention when currency moves are rapid," Kan said. "But as long as currency moves are stable, it's basically up to the market to determine (levels)." (Reporting by Leika Kihara and Tetsushi Kajimoto) Bonds ¬

Middle East Forex Wire External Story - Read full article here

Middle East Forex is not responsible for the content of external internet sites