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Japanese officials stepped up their intervention rhetoric yesterday to counter the yen#8217;s strength, with Finance Minister Masajuro Shiokawa describing recent foreign exchange movements as #8220;abnormal#8221; and saying the yen should return to December levels.
THE KLSE took a breather yesterday as lingering fears of war in Iraq prompted investors to lock in their profits following the sharp rise in the share prices over the past few days.
It was expected. Year 2002 was indeed a record-breaking year for the automobile industry. Vehicle sales grew 9.7 per cent to 434,954 units. This year too in terms of volume, most expect sales (in units) to reach an all-time high (with one or two contrarian points of view), with an estimated growth of 3.5 per cent to 4 per cent.