Japan minister concerned about yen's rapid rise
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Tokyo
JAPAN'S Finance Minister Taro Aso on Tuesday warned over the yen's rapid rise after the US dollar plunged to a seven-month low against the unit on fears over China's economy and global growth.
In Tokyo the greenback fetched 119.60 yen following the comments compared to 118.51 yen in New York where it fell at one stage to 116.18 yen, its lowest level since February. The US dollar was above 124 yen last week. The euro was stronger at 137.95 yen from 137.55 yen in US trading, while it slipped to US$1.1538 against US$1.1606.
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