Japan sold the Yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.
Japan's finance minister made it clear Tuesday that Tokyo is particularly interested in discussing ways to deal with the problem of strong capital inflows into emerging economies when he meets with officials from the Group of 20 industrial and developing nations in Paris later this week.
Japan is prepared to purchase over 20% of bonds that Euro-zone countries will be jointly issuing with the purpose of defusing tension and propping confidence in the Euro given the presistence of the European sovereign debt crisis, Finance Minister Yoshihiko Noda said on Tuesday in Tokyo.