Japanese Finance Minister Taro Aso said on Friday that the yen has weakened more than intended during its recent decline to around 90 per dollar from around 78 yen a few months ago.
The dollar fell about 1 percent versus the yen shortly after Aso comments, as traders pared bets on further declines in the Japanese currency.
Since November, the yen has fallen around 16 percent versus the dollar in anticipation that new Prime Minister Shinzo Abe will push his agenda of aggressive monetary policy easing to weaken the currency.
The finance minister's comments indicate some surprise within the government at how quickly those expectations among traders translated into declines in the yen.
Fewer than 40 pct of residents and commuters in Tokyo take specific measures to prepare for a possible huge earthquake beneath the Japanese capital, despite high awareness on disaster prevention, a Metropolitan Police Department survey showed Friday. (Jiji Press )
The man under arrest for fatally stabbing one man and wounding three others during a 10-minute rampage in Kashiwa, Chiba Prefecture, on Monday night, told police on Thursday that he wanted to hijack a plane at Haneda airport and fly it into Tokyo Skytree to take revenge on society. (Japan Today )
The man lauded as "Japan's Beethoven," who has admitted he never wrote his compositions, appeared before cameras for the first time since the scandal surfaced - clean-shaven and minus his trademark sunglasses. (abcnews.go.com )
The 24-year-old suspect in the murder of a man on a street in Kashiwa, Chiba Prefecture, on Monday is believed to have posted a profile online in which he identified himself as a "celeb NEET," meaning a celebrity without a job, according to local online news site J-Cast News. (Japan Times )
The proportion of single nonregular Japanese male workers in their 20s who have girlfriends stood at 18.7 pct in 2012, against 30.7 pct for regular employees, a government survey revealed Thursday. (Jiji Press )