Reported 9 months ago
Japanese authorities, led by top currency diplomat Masato Kanda, express serious concern and high alert over the rapid weakening of the yen, attributing it to speculation rather than justified reasons. The weak yen poses challenges to policymakers by increasing imported raw material costs, inflation, and negatively impacting consumption. Despite warnings and past interventions, the yen continues to weaken, with the market closely watching the 160 yen to the dollar threshold.
Source: YAHOO