“There’s no need to fret” about current yen levels, Abe was quoted as saying at a meeting of ruling party lawmakers.
Abe still yields strong influence in the ruling Liberal Democratic Party (LDP) as a proponent of big fiscal spending and aggressive monetary easing by the Bank of Japan.
Among the key goals of his “Abenomics” stimulus policies, deployed a decade ago, have been to reverse a yen spike that had hurt Japan’s export-reliant economy.
Source: Economy - investing.com
