Japan Warns of Weak Yen's Economic Strain
Government and BOJ express concerns over currency's impact on inflation and household costs
- BOJ Deputy Governor Himino emphasizes the need for vigilance regarding the yen's fluctuations.
- Prime Minister Kishida's administration faces declining approval due to rising living costs from a weak yen.
- Draft economic policy road map highlights the adverse effects of the yen's decline on household purchasing power.
- Market expectations grow for the BOJ to raise interest rates to counter the yen's persistent weakness.
- Japanese authorities have intervened in the forex market to support the yen, spending nearly 10 trillion yen recently.