Yen May Weaken to 102 Per Dollar
May 10 (Bloomberg) -- Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney, talks about the outlook for the yen. The yen weakened beyond 100 per dollar for the first time in four years as the Bank of Japan’s deflation-fighting measures push the currency toward its longest streak of monthly losses in almost two decades. Callow speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
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The Challenges Facing Japan as Consumer Prices Drop
25:31 - Japan’s consumer prices fell for a seventh straight month and household spending slumped again in September, underscoring the challenges Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda face in trying to revive the world’s third-largest economy. The downbeat inflation and spending data came despite an increasingly tight labor market. The unemployment rate slipped to 3 percent in September, equal to the lowest since 1995. The low jobless figure hasn’t yet resulted in significant wage gains, a key element of efforts to reflate Japan’s economy. HSBC European Economist Fabio Balboni discusses with Mark Barton on "Bloomberg Surveillance."