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SportsPosted at: Apr 28 2024 9:59AM


Weaker yen becomes headache for Japanese business leaders, holidaymakers

Tokyo, April 28 (UNI) Japan business leaders expressed their concerns over a weaker yen after the central bank decided to keep the monetary policy unchanged, while the Japanese currency plunged to a fresh low over the weekend.
The Japanese yen on Friday weakened to a new low since May 1990 around the 158-yen range against the U.S. dollar in New York, after the Bank of Japan (BOJ) on Friday decided to keep guiding short-term interest rates in a range of zero and 0.1 percent.
The announcement weakened the country's currency against the dollar to multiple new lows, and it is widely believed among market watchers that the interest-rate gap between the United States and Japan is likely to remain for the time being.
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Tags: #Weaker yen becomes headache for Japanese business leaders# holidaymakers
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