Japan's top currency diplomat Masato Kanda said on Wednesday the nation would take appropriate actions on forex if needed as authorities see the fall in the yen as fast enough to undermine the trade-reliant economy. "Recent currency moves are rapid. The yen has weakened by nearly 10 yen over the period of one month or so, such a rapid move is not good for the economy," Kanda, the vice finance minister for international affairs, told reporters at his office. "We are closely watching currency markets with a strong sense of urgency and will act appropriately as needed." When asked whether the appropriate steps ... (full story)