As depreciation drives the exchange rate to nearly ¥155 Japanese yen per US dollar, Finance Minister Suzuki stresses flexibility and hints at intervention.
"Market mechanisms are always followed by tears and laughter," says Sojitz Research Institute Chief Economist Tatsuhiko Yoshizaki on the weak yen.
To counter the yen’s depreciation, the Kishida government must provide financial help to households and businesses, and request firms to raise wages.