Japan calls for weaker yen
NEWS
TOKYO -- Japan’s finance minister, Masajuro Shiokawa, acknowledged last week that Tokyo would like to see a weaker yen. Although there have been reports that unnamed officials have made similar remarks, this is the first time an official has said so on the record.
The currency duly slipped to its weakest level against the dollar in over three months to 124.80 per dollar, following the comments, which suggested that the Bank of Japan would be happy to see the yen to rise above 125 yen per dollar
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