For subscribers
The wider risks from a falling yen
Kishida’s government faces a dilemma as even Japan Inc is voicing its concerns. China’s response to the continued depreciation of the Japanese currency also bears watching.
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A man walks by an electronic screen displaying a graph showing Japanese Yen exchange rates against the US dollar in Tokyo, on May 2.
PHOTO: REUTERS
William Pesek
It has been ages since the fate of global markets sat in the hands of Tokyo officials. But the falling yen shines an unwelcome spotlight on tensions in Japan’s economy
If the value of Japan’s currency keeps dropping – and odds are, it will – you can bet Chinese leader Xi Jinping is mulling over options for his nation’s economy, Asia’s biggest.
