S. Korea Fires Warning Shot to Japan: We’re Watching Yen-Won
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South Korea’s top currency official fired a warning to Japan: his nation has stepped up scrutiny of the yen’s tumble against the won after damage to exporter earnings.
“Korean companies face bigger difficulties this year than last,” said Song In Chang, the ministry’s director general in charge of foreign exchange market policies. “What’s different is that we have been paying attention to the won-yen rate since last year, whereas the won-dollar was our main focus before that.”