Nakao Defends Policy Weakening Yen as Tensions Mount Before G-20

Nakao Defends Policy Weakening Yen as Tensions Mount Before G-20

Tomohiro Ohsumi/Bloomberg

The yen’s 7 percent fall against the dollar in the last two months, the most among 16 major currencies tracked by Bloomberg, has caused friction with trading partners and highlighted the risk of retaliatory action as the Group of 20 prepares to meet next month.