Japan Closely Watching Yen Move, Plans Tourism Opening: Official
- Government is prepared to act to stem yen’s extended drop
- Tourism rules set to be relaxed to benefit from weak yen
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The Japanese government must take necessary measures while paying close attention to the yen’s undue, one-sided movement, a senior official said, without elaborating.
“We have to take necessary steps while closely monitoring developments including excessive, one-sided moves in the exchange rate,” Deputy Chief Cabinet Secretary Seiji Kihara said during a TV program Sunday. The government will undertake measures in a “seamless manner” to help the economy weather the impact of inflation, he added.