Economics

Japan Warns on Yen After BOJ’s Bond Vow Sparks Slide Past 131

Yen hits 131 per dollar, prompting finance ministry warning
Kuroda sticks to view that weak yen is positive for economy

Yen May Fall to 135 Per Dollar, Westpac Says

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By Toru Fujioka and Sumio Ito

April 28, 2022 at 3:21 AM UTC

Updated on

April 28, 2022 at 10:25 AM UTC

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Japan’s finance ministry issued its most strongly worded warning yet on the yen’s slide, saying it would respond “appropriately” to abrupt moves after the currency plunged on a promise from the nation’s central bank to keep bond yields at rock-bottom levels.