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Dollar Declines After Koizumi Says Japan May Diversify Reserves

Dollar Declines After Koizumi Says Japan May Diversify Reserves

March 10 (Bloomberg) -- The dollar dropped against the euro and the yen in Asia after Prime Minister Junichiro Koizumi said Japan ``in general'' needs to consider diversifying the investment of its foreign reserves.

The dollar weakened to $1.3438 against the euro at 11:26 a.m. in Tokyo from $1.3392 late yesterday in New York, according to electronic currency-dealing system EBS. Against the yen it fell to 103.85 from 103.93.


LINK: http://quote.bloomberg.com/apps/news?pid=10000006&sid=aOJiA50Ol6sg&refer=home