Japan to respond to yen's "excessive" moves after plunge: senior official

Japan will take "appropriate steps against excessive moves" in the yen, the country's top currency diplomat said Monday, after the currency fell sharply against the U.S. dollar even in the wake of the Bank of Japan further raising its policy interest rate last week."We are concerned about one-sided and rapid moves" of the yen, Atsushi Mimura, vice finance minister for international affairs, told reporters after the yen slid to a one-month low of 157.78 against the dollar in New York on Friday.Separately, Japan's top government spokesman Minoru Kihara echoed the sentiment, saying on Monday, …READ FULL ARTICLE