The yen may extend declines to ¥140 per dollar and that could trigger the government to spend $100 billion (about ¥12.9 trillion) to limit further losses, according to Bank of America analysts.
The currency hasn’t weakened to ¥140 against the dollar since 1998, but it may be pushed to that level by a fresh surge in U.S. Treasury yields, analysts with the bank, including Shusuke Yamada in Tokyo, wrote in a note published Monday.
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.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.