TOKYO, Japan -- The yen fell back in Asian trade on Monday as plans for a summit on the global financial crisis helped to reassure skittish investors, dealers said.

The dollar edged up to 101.87 yen in Tokyo morning trade from 101.63 in New York late on Friday. The euro rose to 137.11 yen from 136.33 and to $1.3462 dollars from $1.3408.

Although the market remains cautious, there are signs that government measures to try to ease a credit crunch are having a positive effect, said Saburo Matsumoto, chief forex strategist at Sumitomo Trust Bank.

He said investors appeared to be starting to look beyond the credit crunch following steps by countries to shore up their banks.

Asian stock markets edged higher at the start of the week on news that world leaders plan a series of summits on the financial crisis.

But while there have been recent signs of a thaw in frozen credit markets, worries are growing about the outlook for economic growth and company profits, dealers said.

China reported Monday that its economic growth slowed to 9.0 percent in the third quarter of 2008. In the United States and Japan, corporate earnings reports are due to be released over the coming weeks.

The won strengthened against the dollar after South Korea announced a $130-billion package to calm financial markets.

The step was likely to give a temporary boost to the won, Barclays Capital analysts said.

"While it significantly reduces the risks of a large near-term outflow of funds from Korea, the underlying balance of payments problems remain, so the won will see only temporary relief from its downward trend," they said.

The won was trading at 1,309.7 to the greenback, compared with Friday's close of 1,334 on Friday.