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.
A former Bridgestone Corp. (5108) executive agreed to plead guilty to conspiring to fix prices for auto parts, a day after a grand jury indicted another executive and two former workers at the Japanese tire maker. (Bloomberg )
People enjoy viewing the 15-meter snow walls of the Yuki no Otani (Great Snow Valley), along the Tateyama Kurobe Alpine Route that passes through the Northern Japan Alps to link Toyama and Nagano prefectures. (The Japan News )
Tokyo prosecutors plan to look into whether a man, who has been arrested for allegedly vandalizing copies of Anne Frank's diary, is mentally competent to be held criminally responsible for his actions, informed sources said Wednesday. (Jiji Press )
Apparently perplexed but thrilled to find himself in the spotlight, Iwao Hakamada, formerly the world's longest-serving death-row inmate, made his first public appearance Monday in Tokyo since being released from prison and hospitalized. (Japan Times )
Aichi prefectural police are investigating a possible link between the discovery of the bodies of a husband and wife and their eldest son, and the body of a male relative of the deceased family who was found hanging by his neck in a hotel. (Japan Today )
The body of one of two missing workers who died on March 30 after a floating pier overturned while being unloaded from a barge during construction work on a remote rocky atoll, was found on Sunday, the coast guard said. (Japan Today )