Yen's continuing fall sows alarm among Japanese officials

Tokyo

WITH the yen falling to an eight-year low against the dollar this week and various indicators suggesting that it isn't done doing so, Japan's government and central bank officials are rushing to calm currency market speculation in the run-up to a meeting of the Group of Seven (G7) finance ministers in Germany.

Analysts have said that the weakening yen could well attract unwelcome attention from US and European powers at next month's meeting to be held in Elmau Castle in Bavaria.

The yen hovered around 123 to t…