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Yen Remains Weak as Japan’s Finance Minister Issues Fresh Warning
Recommend 7 Positive 2 Negative 12 |
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Japan’s Finance Minister Satsuki Katayama issued a renewed warning on currency movements Wednesday (12th), as the yen weakened further toward the psychologically significant 155 level against the US dollar. The yen last dipped 0.3% to 154.5 per dollar. Katayama stated that she cannot deny the negative impact of the yen’s weakness on the economy has become more pronounced than its positive effects. She said that the government is closely monitoring developments with heightened vigilance for excessive or disorderly volatility. AAStocks Financial News |
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