Japanese government worried about yen weakness – ‘cons outweigh cons’

Tokyo The Japanese government is warning more clearly than ever of damage to the domestic economy from the recent fall in the exchange rate of the national currency, the yen. “Stability is important, strong currency fluctuations are undesirable,” Finance Minister Shunichi Suzuki said on Tuesday in Tokyo’s parliament.

“A weak yen has its advantages, but the disadvantages are greater in the current situation.” “It hurts consumers and businesses who can’t pass on the cost,” Suzuki said.