Japan Finance Minister Warns Against Weak Yen Amid Currency Volatility
2025-01-07
Reuters on MSN.com
Japan's Finance Minister Katsunobu Kato has issued a stern warning against speculative yen selling, as the currency plummeted to a five-month low below 158 per dollar in turbulent trading. The Japanese government is growing increasingly concerned about foreign exchange developments, with the weak yen posing significant risks to the country's economy. As the yen continues to decline, Japan's export-driven economy may face challenges, including increased import costs and reduced competitiveness. The government is closely monitoring the situation, with a focus on currency stabilization and economic stability, using key strategies such as monetary policy and foreign exchange intervention.
