Japan’s yen set to suffer a while longer as BOJ baulks at tapering By Reuters – Investing.com
- Date: 04-Jun-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Japan’s yen set to suffer a while longer as BOJ baulks at tapering By Reuters – Investing.com
By Kevin Buckland and Hideyuki Sano
TOKYO (Reuters) - The developed world's most dovish central bank and companies keen to put cash to work overseas have combined to make Japan's yen one of the world's worst performers this year, and that weakness could linger a while.
Factors at home and abroad have conspired to drive a 6% slide in the yen against the U.S. dollar this year.
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