Japan PM Takaichi Denies Sheโs Driving Weak Yen, High Rates
Japanese Prime Minister Sanae Takaichi strongly denied the notion that sheโs responsible for a weak yen and high interest rates.
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Japanese Prime Minister Sanae Takaichi strongly denied the notion that sheโs responsible for a weak yen and high interest rates.
Hedge funds rebuilt a short wager against the Japanese yen as the currency remains under pressure.
The yen weakened against the dollar after a summary of opinions from the Bank of Japanโs September meeting disappointed investors looking for signs that policymakers may be preparing for another move this month.
Tokyo, Sept. 25 (Jiji Press)--Japanese Finance Minister Satsuki Katayama said Friday she and U.S. Treasury Secretary Scott Bessent reaffirmed at their online meeting the same day that "the undervaluation of the yen is a problem." Katayama revealed this in talks with reporters after the virtual meeting. "We exchanged views on financial market developments," she also said. "We also reconfi...
Tokyo, Sept. 25 (Jiji Press)--Japanese Finance Minister Satsuki Katayama said Friday that U.S. President Donald Trump expressed concern over the yen's weakening during his meeting with Prime Minister Sanae Takaichi in New York on Tuesday. During the bilateral summit at the U.N. headquarters, Takaichi told Trump that the undervaluation of the yen is a problem in general terms, Katayama said ...
Further intervention by Japan to prop up the yen would offer a good opportunity to sell, according to UBS Asset Managementโs Kevin Zhao, who doubts Fridayโs central bank rate increase signals a hawkish turn.