Japanese Finance Minister Shoichi Nakagawa stated he was alarmed by the volatility in Forex markets. Forex traders have been watching the Yen’s recent rise against the US dollar. The Yen has had one of the world’

s lowest rates and is popular with both Forex traders and investors.

The Yen has gained 18% against the US dollar in 2008 and has hit Japanese exporters hard. Many Forex traders are speculating that the Japanese government may intervene to halt the Yen’

s current rally.

Finance Minister Shoichi Nakagawa stated, “The fact is that every day I am looking at the market developments with a sense of alarm and urgency.” Japan saw its industrial output falling 8.1 percent from October and another 8% decline is expected in December.

The Yen is one of the most traded currencies on Forex markets and Forex traders will be watching the Japanese government’

s actions closely.