Reported 6 months ago
Japan is renewing efforts to prevent excessive depreciation of the yen at the G7 meeting in Italy, following a recent surge in bond yields that failed to halt the currency's decline. The country is emphasizing the need to balance stabilizing the yen to protect consumption while keeping borrowing costs low to support the economy. The Bank of Japan's Governor signals readiness to raise interest rates in the coming months, despite weak economic data and the potential impact of a weak yen on inflation. Analysts are speculating on a near-term tapering of bond purchases by the BOJ to address the yen's depreciation.
Source: YAHOO