Yen retreats as Japan not singled out in draft G20 statement
Reuters -- Feb 16
The yen fell on Friday after three days of gains against the U.S. dollar and the euro as a draft statement from the Group of 20 nations did not single out Japan for undertaking policies that have weakened its currency.
That was a signal for investors to keep selling the yen, which has already fallen more than 7 percent this year versus the dollar following losses of 11.3 percent in 2012.
The yen had gained this week on expectations the G20 countries, which are meeting in Moscow, would echo a statement made by the Group of Seven this week and censure Japan for the yen's sliding trend.
"The final communique is not due until Saturday and could change. But for the time being, euro and yen traders have responded positively to what appears to be less constraint on Japan from G20 nations," said Kathy Lien, managing director at BK Asset Management in New York.
In late afternoon trading, the dollar rose 0.8 percent to 93.58 yen after hitting a one-week low of 92.21. It had set a 33-month high of 94.42 yen on Monday, and solid chart support was expected at 92.00.
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 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 )
Police in Kashiwa, Chiba Prefecture, on Wednesday night arrested a 24-year-old unemployed man over four knife attacks within 10 minutes that left one man dead and three others injured on a street. (Japan Today )