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The Japanese yen hovered around 158.5 per dollar on Tuesday after declining in the previous session, struggling to recover despite hawkish remarks from the Bank of Japan’s leadership. Governor Kazuo Ueda indicated that underlying inflation was approaching the central bank’s 2% target, supported by a moderate economic r
Late July yen intervention follows June 22 call, months of groundwork, sources say Bessent repeatedly urged Japan to tighten fiscal policy, raise BOJ rates, sources say Katayama told G20 peers Japan would avoid debt-funded tax cuts, excessive stimulus By Tamiyuki Kihara, Makiko Yamazaki, Takaya Yamaguchi and Leika Kiha