Japan finance minister warns against excessive yen weakening

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said, after the currency plumbed seven-month lows against the dollar

Suzuki warned against investors selling the yen too far as the currency weakened past 145 to the dollar, a level that made speculators wary of potential intervention by Japanese authorities.

A weak yen has both positive and negative effects on the economy, depending for example on the export or import sectors. Generally, yen weakening pushes up import costs of food and energy for resource-poor Japan, which would deal a blow to consumers struggling to make ends meet.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan finance minister warns against excessive weakening as yen strikes 7-mth lowJapan would take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar.
Source: Reuters - 🏆 2. / 97 Read more »

Exclusive: Pakistan expects IMF deal in next 24 hours - finance ministerPakistan's finance minister said a staff level agreement for a crucial bailout deal with the International Monetary Fund was 'very close' and expected in the next 24 hours.
Source: Reuters - 🏆 2. / 97 Read more »

Exclusive: Pakistan expects IMF deal in next 24 hours, finance minister saysPakistan's finance minister said a staff level agreement for a crucial bailout deal with the International Monetary Fund was 'very close' and expected in the next 24 hours.
Source: Reuters - 🏆 2. / 97 Read more »

Maple Finance launches direct lending arm Maple DirectThe Maple Finance direct lending service is set to launch in July, offering project-tailored deals to web3 native firms.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Maple Finance Expands to Direct Lending Targeting Web3 Firms.maplefinance is set to open its own lending desk to web3 firms next month, aiming to fill the gap left in the crypto credit market by the implosion of centralized lenders such as BlockFi and GenesisTrading. sndr_krisztian reports
Source: CoinDesk - 🏆 291. / 63 Read more »