No plan to divert from U.S. dollar-Japan's MOF

Japan, the biggest overseas holder of U.S. Treasuries, has no plan to divert from dollar-denominated assets, said Masatsugu Asakawa, a Ministry of Finance official.

Japan urged the U.S. to take coordinated action to stop the dollar's decline, or it will face an ``enormous capital flight,'' the Observer newspaper in London said Sunday, citing Kaoru Yosano, head of the Liberal Democratic Party's policy council. Asian and Middle Eastern governments may be increasing holdings of the euro, the Bank