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Japan's Yen Hits 5-Month High Amid Speculator Concerns

3/7/2025

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Summary

Story summary

Japanese Finance Minister Katsunobu Kato cautioned about volatile foreign exchange market movements influenced by speculators.
The yen reached 147.31 per dollar, its highest in five months, amid demands for substantial salary hikes.
Kato reaffirmed that the Bank of Japan will set monetary policy, following a 2013 agreement to target 2% inflation.

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Story summary

Japanese Finance Minister Katsunobu Kato cautioned about volatile foreign exchange market movements influenced by speculators.
The yen reached 147.31 per dollar, its highest in five months, amid demands for substantial salary hikes.
Kato reaffirmed that the Bank of Japan will set monetary policy, following a 2013 agreement to target 2% inflation.