Japan warns of intervention as yen falls, BOJ chief rejects criticism

Japan warned Tuesday of "appropriate" action to counter excessive volatility in the currency market after the yen hit a 32-year low against the U.S. dollar amid jitters over further possible intervention and its impact on the economy.Prime Minister Fumio Kishida said in parliament that the yen's rapid depreciation is "problematic" and the government will work with the Bank of Japan in taking appropriate steps. BOJ Governor Haruhiko Kuroda rejected an opposition lawmaker's demand that he step down over years of easing by the central bank that has weakened the yen but failed to achieve its in…READ FULL ARTICLE