Japan seen laying groundwork again for currency intervention

Tokyo

PRIME Minister Shinzo Abe may make a further bid to win understanding from the Group of Seven (G-7) advanced economies of the need for Japan to intervene in foreign exchange markets to curb recent strong rises in the value of the yen, some analysts said on Tuesday as Japanese officials appeared to lay the groundwork for such an initiative.

Finance Minister Taro Aso told Parliament that Japan has no intention of seeking to depreciate the yen sharply and co…