- Japan’s PM Kishida: Weak yen has both merits and demerits
Market news
22 November 2022
Japan’s PM Kishida: Weak yen has both merits and demerits
Japan Prime Minister Fumio Kishida said in a statement on Tuesday, “weak yen has both merits and demerits.”
Additional quotes
No comment on FX rates.
Weak yen boosts exporters' profits, hurts consumers and some businesses through higher import costs.
Market reaction
USD/JPY is unfazed by the above comments, trading -0.20% on the day at 141.85, as of writing.
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