MAJOR NATIONS MUST ACT ON CURRENCIES - MIYAZAWA Finance Minister Kiichi Miyazawa said the time has come for major industrialised nations to take action on exchange rates in line with their agreement last month in Paris. In Paris, Britain, Canada, France, Japan, the U.S. And West Germany agreed to coooperate to hold currency rates around their then current levels. Miyazawa would not say what specific measures major nations would take, but told reporters the measures had been discussed in Paris. The dollar fell to a record low against the yen this morning, piercing the 150 yen barrier.