Japan’s Finance Minister Ramps Up Warning After Further Yen Fall

Japan’s Finance Minister Katsunobu Kato stepped up his warnings over yen movements, after the currency hit a fresh eight-month low against the dollar early Friday, despite efforts by the ruling party’s new leader to calm market concerns.

“We are currently seeing one-sided and rapid movements in the market,” Kato told reporters. “The government will carefully assess any excessive or disorderly movements in the market,” he added.