Careful on this folks. Kishida sounds like he is not happy with the weak yen. Reuters conveying report in Kyodo news:
Govt must be vigilant about impact of rising prices, driven in part
by weak yen, on economy to achieve domestic-demand driven recoverySays need to be
cautious about effects of rising prices due to weak yen
I posted earlier on the dissatisfaction of prices rising due to ‘cost push’ factors, the weak yen being part of this. If you missed it, here:
Economic calendar in Asia – Friday, 19 July 2024 – Japan inflation data for June
Kishida expressing the same.
This article was written by Eamonn Sheridan at www.forexlive.com.
