Fall intervention triggered by ¥75.63 rate: Azumi

In a rare remark indicating the level that could trigger intervention in financial markets, Finance Minister Jun Azumi said Friday he instructed monetary authorities in October to step in to stem the yen's rise after the dollar fell to ¥75.63.
Azumi later denied he meant a specific exchange rate level that Tokyo would tolerate for the yen's appreciation, which has negatively impacted the country's economy by slowing exports.

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