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.
Yoko Ono says her own bitter experience in Japan during World War II inspired her to support WhyHunger's "Imagine There's No Hunger" campaign to fight childhood hunger around the world. (abcnews.go.com )
Japanese police arrested former sumo ozeki Kotomitsuki on Wednesday on suspicion of violating the immigration law by employing foreigners illegally at a barbecue restaurant he runs in Nagoya, central Japan. (Jiji Press )
A thousand days have passed since the Great East Japan Earthquake struck. However, only 1.2 percent of the planned land development for collective relocation of disaster-affected communities and construction of publicly operated housing have materialized, according to a survey conducted by The Yomiuri Shimbun. (Yomiuri )
There is a fairly well-documented sex doll subculture in Japan, and one of its leading manufacturers is Orient Industry. Gaga and Universal Music Group's Japanese branch recruited the company to make replicas of the pop star. (businessinsider.com.au )
A 28-year-old Japanese woman was aboard a commuter train that crashed after derailing in the Bronx borough of New York on Sunday morning, the Japanese consulate-general in the city said Monday. (Jiji Press )