Japan's finance minister says China's currency moves a concern for Tokyo
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Japan's finance minister, Taro Aso, says recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo.
The Nikkei newspaper and other local media quoted Aso as saying that China is a big factor behind the recent decline in share prices in Japan, where the share benchmark fell 3 percent to 19,435.83 on Friday.
Japan's own currency, the yen, has fallen by over 60 percent against the U.S. dollar since hitting a peak of 75.35 yen to the dollar in October 2011. It was trading near 123 yen per dollar Friday.
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The yen's depreciation was hastened by massive monetary easing since 2013 by the Bank of Japan, which is buying trillions of yen in assets each month, seeking to spur growth.