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Yen Weakens as BOJ Rate Hike Speculations Loom

9/3/2025

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Summary

Story summary

The Japanese yen declined to ¥147.73 against the US dollar for the third consecutive session, amid lowered expectations for a Bank of Japan interest rate increase.
BOJ Deputy Governor Ryozo Himino highlighted the importance of caution due to global economic uncertainties and U.S. tariffs' effects on Japan.
Economists speculate on potential rate hikes later this year, driven by rising wages and inflation pressures.

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Story summary

The Japanese yen declined to ¥147.73 against the US dollar for the third consecutive session, amid lowered expectations for a Bank of Japan interest rate increase.
BOJ Deputy Governor Ryozo Himino highlighted the importance of caution due to global economic uncertainties and U.S. tariffs' effects on Japan.
Economists speculate on potential rate hikes later this year, driven by rising wages and inflation pressures.