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Kanda warns yen may weaken if Japan delays rate hikes vs US, criticizing broad fiscal measures.
Asian Development Bank President Masato Kanda warned that the yen could face further pressure if Japan appears too slow to raise interest rates compared to the U.S.
He criticized broad fiscal measures, such as gasoline subsidies, for potentially undermining fiscal sustainability amid Japan's high debt levels.
Kanda advocated for targeted measures and long-term investments in energy efficiency to build resilience, while the yen remained near a level that has prompted past interventions.
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Kanda advierte que el yen podría debilitarse si Japón retrasa las subidas de tasas frente a los EE.UU., criticando las amplias medidas fiscales.