Adding to comments from Suzuki earlier:
- Japan fin min Suzuki says rapid yen weakening has been seen recently
Japan’s Chief Cabinet Sec. Matsuno adds:
- the downside risk of inflation on purchasing power and sentiment requires special consideration.
The implication for the yen is a threat to do something about tis decline, given this earlier on rising prices from the BOJ:
- BOJ official laments wholesale import costs up more than 45% in yen y/y
USD/JPY has pulled well back from its overnight high: