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DJ: Econ Minister Suggests Yen Strength Largely Corrected
Many say the yen's excessive strength has been largely "corrected," and further weakness could be harmful, Japan's economy minister said Sunday, suggesting the Japanese government may be happy with the currency's current level. Economy minister Akira Amari, responding to a question on how far the yen should weaken, replied that while he couldn't comment himself, "it's being said that the correction of the strong yen is largely completed. If the yen keeps on weakening a lot more, it will have a negative impact on peoples' lives." Mr. Amari was speaking on a Sunday television talk show on national broadcaster NHK. His ... (full story)
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