Salem Radio Network News Tuesday, September 27, 2022

Business

Japan must take steps against ‘excessive, one-sided’ yen moves, deputy chief cabinet secretary says

TOKYO (Reuters) – Japan’s Deputy Chief Cabinet Secretary Seiji Kihara said on Sunday the government must take steps as needed against excessive declines in the yen.

“As for excessive, one-sided currency moves, we will closely watch developments and must take steps as needed,” Kihara told a television programme, when asked about the yen’s recent sharp declines.

Kihara also said the government was ready to decide “in the not so distant future” on steps to further open Japan’s borders to overseas visitors, such as scrapping a ceiling on the daily number of entrants.

(Reporting by Leika Kihara; Editing by Cynthia Osterman)

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