Japan officials worry about yen's rise

Finance and economy ministers in Japan are worried about the yen's sharp rise against the dollar fearing that it may slow the nation's export-dependent economy. The seven percent fall of the dollar erodes Japanese exporters' overseas earnings and makes exports more expensive. The strong yen is hurting the profits of Japanese corporations.
http://biz.yahoo.com/ap/080304/japan_strong_yen.html?.v=1