The Traderszone Network

Published in TZ Latest News 19 October, 2014 by The TZ Newswire Staff

Japan firms want government action if yen weakens: Reuters poll

Nearly half of Japanese firms think the government should start defending the yen at this month’s dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy. Over the past two years, Prime Minister Shinzo Abe has sought to boost the economy and cure deflation with bold monetary stimulus that has successfully wrought a much weaker yen.