TOKYO -- Japan's top financial authorities and its central bank on Friday said they were "concerned by the rapid depreciation of the yen," after the currency hit a 20-year low against the U.S. dollar.
Rare joint statement comes after currency hits 20-year low against U.S. dollar
The Bank of Japan, Tokyo. "The government and the Bank of Japan will closely cooperate and closely monitor developments in the foreign exchange market and their impact on the economy and prices with an increased sense of urgency," Japan's top financial authorities say. © Reuters
TOKYO -- Japan's top financial authorities and its central bank on Friday said they were "concerned by the rapid depreciation of the yen," after the currency hit a 20-year low against the U.S. dollar.