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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.
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