Japan's Vice Finance Minister warns government prepared to consider options in response to yen's lowest point vs dollar since 1990 due to US inflation.

Japan's Vice Finance Minister for International Affairs, Masato Kanda, warns that the government is prepared to consider all options in response to the yen's drop to its lowest point against the dollar since 1990. The yen's decline is attributed to stronger-than-expected US inflation in March, pushing back expectations for rate cuts by the Federal Reserve. Japan's authorities are closely monitoring currency movements and are prepared to intervene if the yen's decline accelerates.

April 10, 2024
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