The yen could remain under downward pressure for some time amid concern over the nation's economic prospects.
A preliminary government report showed early last week that gross domestic product fell 0.2 percent in the January-March quarter, while another government report conceded that the economy is "deteriorating."
The Bank of Japan, which decided to leave its monetary policy intact at a June 14-15 policy-setting committee meeting, also downgraded its assessment of the economy in its monthly report released Monday.
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