"The door is neither closed nor open," army chief Gen Prayuth Chan-ocha said, marking a shift in the stand of the military, which has repeatedly refused to get involved in the deepening crisis.
"Anything can happen. It depends on the situation...We are trying to do the right thing, in a peaceful way and we urge negotiations," he told a news conference here.
The army has staged 11 coups in Thailand's history since it became a constitutional monarchy in 1932.
The protesters alleged Yingluck's government is controlled her brother and former premier Thaksin Shinawatra, who was ousted in a military coup in 2006.
Yesterday, the government rejected a call by the Election Commission to delay the forthcoming elections.
"The Election Commission said holding elections will bring violence but the government believes delaying an election will cause more violence," Deputy Prime Minister Phongthep Thepkanjana said.
In the latest bout of violence, a policeman and a civilian died while 153 people were injured when violence erupted yesterday while demonstrators were trying to force their way into an election registration venue.
The Democrat Party has announced a boycott of the polls and vowed to block it, saying it will only return the Shinawatra clan to power.
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