Japan frets over relentless yen slide as BoJ keeps ultra-low rates


Japanese Finance Minister Shunichi Suzuki. — Reuters

JAPAN is concerned about negative effects of the weak yen, according to Finance Minister Shunichi Suzuki in a fresh warning to speculators as the currency fell further after the central bank’s widely expected decision to hold rates steady.

The Bank of Japan (BoJ) kept policy settings unchanged following a two-day meeting that ended a short while ago, triggering another brief bout of selling in the yen to below 156 levels on the dollar, its weakest since 1990.

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