Japan's govt to warn of weak yen pain

By Reuters

Jun 05, 2024 12:25 am

TOKYO — Japan's government will warn of the pain a weak yen may inflict on households in this year's long-term economic policy road map, a draft seen by Reuters showed, as policymakers grow increasingly concerned about the currency's decline.

The reference to the weak yen's impact will likely keep the Bank of Japan (BoJ) under pressure to raise interest rates or slow its huge bond buying — moves some markets believe could slow the currency's declines.

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