Japan's Currency Diplomat Issues Strong Warning on Yen's Rapid Decline.
Japan's top currency diplomat, Masato Kanda, has warned against recent yen weakening that was "rapid and one-sided," stating that Japan will not rule out any options available to respond appropriately to excessive currency moves. The Japanese yen weakened beyond 143 yen on Friday, a seven-month low versus the dollar, and fell to a 15-year low beyond 155 yen to the euro. Kanda added that authorities were focusing on the pace of moves in the yen, rather than its levels.