Japanese economy minister Akira Amari said on Tuesday that the currency levels are expected to reach a balance corresponding to the relative strength of the Japanese economy and the market will find a stable point between currency's impact on exports and imports.
During a press conference after the government's regular Cabinet meeting, Amari told that he will not give further comments as to whether yen's excessive strength have been fully corrected or not.
Over the weekend, Amari said that yen's excessive strength was corrected a lot and further currency weakness is likely to negatively impact people's lives.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.