Hirohisa Fujii, Japan’s finance minister, on Friday strengthened his remarks about the weakening dollar, after it dropped sharply to a fresh 14-year low, saying he would contact authorities in the US and Europe if necessary.
The comments came after the dollar slid 2.2 per cent to Y84.83 in volatile early morning trading in Tokyo. This followed on from the sharp risk aversion overnight in currency and equity markets amid intensifying worries about Dubai’s debt standstill.
