The yen could remain under downward pressure for some time amid concern over economic and corporate earnings prospects in Japan.
There is speculation that the Japanese government is committed to a weak-yen policy and that the Bank of Japan is leaning in favor of buying foreign securities to funnel more money into the banking system, a scenario typically bearish for the yen.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.