Business · Markets · 1 hr ago

Japan’s Finance Minister Renews Warning Over Yen Weakness

Japan’s Finance Minister Renews Warning Over Yen Weakness

Japan’s Finance Minister Satsuki Katayama renewed a warning to currency speculators.

She said Japan was prepared to act in the currency market again if needed.

The warning followed a drop in the yen to its weakest level against the US dollar this month.

The yen weakened after hotter US inflation figures emerged.

A weaker yen means it buys less in comparison with the dollar.

Japan may intervene in currency markets, but Katayama did not say whether or when it would act.

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