Tuesday, June 19, 2007

UPDATE 2-Watanabe: Japan won't diversify dollar reserves now

(Reuters) - Hiroshi Watanabe, Japan's top financial diplomat, said that
for now the world's second-largest economy has no immediate
plans to switch the dollars in its reserves for another
currency.




"Japan has absolutely no intention of diversifying away
from U.S. dollars. In the future, we may do so but only when
the dollar is solid and stable," Watanabe told a group of
reporters after a speech in New York.


Read more at Reuters.com Bonds News

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