Amari Signals Limits to Abe’s Campaign to Weaken Yen: Economy
This article is for subscribers only.
Japanese Economy Minister Akira Amari said the nation faces risks from any excessive decline in the yen, highlighting limits on Prime Minister Shinzo Abe’s campaign to drive down the currency.
“If the yen excessively weakens, this would cause a spike in import prices,” Amari told reporters in Tokyo today. “It would be a benefit for exports, but would have harmful effects on people’s livelihoods.”