The yen becomes more expensive

Tokyo. August 12. Interfax - The Minister of Finance of Japan Yosihiko Noda refused to identify the steps that the Government intends to take to the depreciation of the yen, rising against the U.S. dollar by 9% since the beginning of this year.
   
    "We will closely monitor economic conditions and take necessary measures" - J. Noda said at a press conference in Tokyo.
   
    However, he refused to answer the question of whether these measures include the intervention in the foreign exchange market.
   
    Against this background, the value of the yen, falls to the course of trading up to 85.8 yen to the dollar on the expectation of making the Government of Japan regarding the situation on the foreign exchange market, rose to 85.31 yen. The Japanese currency to the dollar at the market close on Wednesday amounted to 85.32 yen.
   
    "The yen becomes more expensive, as the Ministry of Finance does not do anything to stop its strengthening - the economist at BNP Paribas in Tokyo Azusa Kato. - Japanese regulators are unlikely to take any action in the near future, taking into account the opinion of the Bank of Japan that the economy may further recovery, despite the strengthening of the yen.
   
    Executive Director of the Bank of Japan Hiroshi Nakasi said Thursday that the Bank of Japan has not changed its policy after a meeting held on 10 August, and believes that the risks to the economy increased.