[Yen Exchange Rate Hits New Low, Increased Market Selling of Yen] Reported by Jinse Finance, on July 1, according to CCTV Finance, this morning in the Tokyo foreign exchange market, the yen-to-dollar exchange rate further declined, briefly dropping to 162.70 yen per US dollar, marking a new low since December 1986. Japanese Finance Minister Katsuyuki Katayama recently stated that the government will take appropriate measures at any time if necessary to address the issue of yen depreciation. Analysts have pointed out that due to U.S. economic data reinforcing market expectations of prolonged high interest rates, market selling of yen has increased. Additionally, concerns about high municipal government policies exacerbating fiscal deterioration have kept the yen under continuous pressure.