Japan's yen hits 34-year-low, heating talk of intervention
Publishing timestamp: 2024-03-27 08:34:20
Summary
The Japanese yen hit its weakest level since 1990 against the U.S. dollar, raising questions about potential government intervention to support the currency. Analysts suggest there is a higher likelihood of intervention in the near term, but it may not address long-term concerns about the yen's decline. Japan's economy is facing challenges such as combating inflation after years of deflation.
Sentiment: NEUTRAL
Keywords: currency markets, business news, japanese yen, bank of japan, japan, japan government, asia economy,
Source: https://www.cnbc.com/2024/03/27/japans-yen-hits-34-year-low-heating-talk-of-intervention.html