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Hirohisa Fujii

Japanese Finance Minister hospitalized

Mon, 12/28/2009 - 11:59 by Ishita Sood

Tokyo, December 28 -- Japanese Finance Minister Hirohisa Fujii was admitted to hospital early Monday, as he was exhausted due to weeks of hard work compiling the national budget for fiscal year 2010.

Japan concerned about yen rise

Fri, 11/27/2009 - 19:44 by Inderjit Singh

Tokyo -- Japan Friday closely monitored the rising yen against the U.S. dollar with its finance minister saying the government will take necessary steps if needed.

Hirohisa Fujii told reporters the Japanese currency's sharp jump to a 14-year high against the greenback was "one-sided." Such a trend could further adversely affect the export-dependent Japanese economy, which the government last week said was experiencing mild deflation due to declining prices and wages.

Fujii said if the yen continues to rise in one direction, the government will act appropriately as needed, Kyodo News reported.

The minister also indicated Japan may ask for cooperation from the United States and European nations to help ease the situation, the report said.

Dollar falls to a 14-yr low vs. yen

Thu, 11/26/2009 - 10:01 by Ishita Sood

Tokyo, November 26 -- Japanese Yen rose to a 14-year high as the dollar dived to its lowest, putting pressure on exporters and all Central banks across Asia.

Maintaining a strong dollar very important for economy: Geithner

Thu, 11/12/2009 - 10:43 by Ishita Sood

Tokyo, November 12 -- Treasury Secretary Timothy Geithner said Wednesday that it is “very important” for the country’s economy to maintain a strong dollar to reduce its fiscal deficit.