Japan Trade Minister Backs Stronger Yen to Curb Inflation
Trade Minister Ryosei Akazawa says a stronger yen could help curb inflation driven by the Iran war. The Bank of Japan may raise interest rates later this month.
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Japan's Trade Minister Ryosei Akazawa stated on Sunday that monetary policy from the BANK OF JAPAN/THE could be a viable option to strengthen the yen and curb rising inflation. This move is being considered as the central bank weighs interest rate hikes later this month to counter economic instability triggered by the conflict in Iran.
