About this episode
Japans Finance Minister, Satsuki Katayama, has called out the recent yen slide as speculative, vowing to counter it. Core inflation in Tokyo has cooled, but analysts predict a rebound due to rising oil prices and a weak yen. The Bank of Japan is considering a rate hike as early as April. Markets are under pressure, with Japanese stocks and bonds selling off. Experts believe the yen drop is more due to safe-haven dollar demand than speculation. The BOJ faces a challenge in combating inflation without harming the economy.
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