TOKYO – Japanese Finance Minister Satsuki Katayama on Tuesday expressed concern about “very one-sided, rapid” foreign exchange movements, as the yen weakened against major currencies amid worries over Japan’s fiscal health.
“The government is closely monitoring excessive fluctuations and disorderly movements in the market, including those driven by speculators, with a heightened sense of urgency,” Katayama said at a news conference.
Overnight in New York, the Japanese currency fell against the euro to the 180 range, its weakest level since the European single currency was introduced in 1999.