TOKYO (AFX-ASIA) - Finance Minister Kiichi Miyazawa said he is looking at the movements in the foreign exchange market carefully. "I don't think the market is disturbed by the current movement in the yen but I am looking at the market movement carefully as I am not sure whether (the fall in the yen) is a temporary move," he said. Miyazawa did not comment directly on proposals to support the equity market.
"I do not know about the details," he said, adding that he welcomes discussions among the Liberal Democratic Party to improve regulation of the market.
Miyazawa said he is uncertain whether public money will be used to help revive the stockmarket.
"My view as finance minister and the LDP's view are different," he said, without elaborating.