Dow Jones Newswires: Japan financial authorities voice concern over yen’s fall

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Japan’s Ministry of Finance, the Bank of Japan and the Financial Services Agency on Friday expressed concern over the yen’s recent rapid weakening.

“We are concerned about rapid falls in the yen seen in the foreign exchange market recently,” they said in a joint statement issued after a meeting.

“The government and the Bank of Japan will closely coordinate and monitor the developments in the foreign exchange market and their effects on the economy and prices with a stronger sense of urgency,” they said.

They added that they would maintain close contact with other nations and take action if necessary.

USD/JPY
USDJPY,
-0.31%

was last down 0.5% at 133.67.

See also: Strong dollar could spark repeat of 1990s ‘Asian Crisis’ if it crosses this threshold, former Goldman economist warns

Write to Megumi Fujikawa at megumi.fujikawa@wsj.com

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