Yen's surge against US dollar revives deflation jitters
by Larry Elliott from on (#19TAC)
Japan's currency has gained 12% against the dollar this year, increasing pressure on the Bank of Japan to take action
Fears that Japan's anti-deflation strategy is unravelling have intensified after a sharp rise in the value of the yen against the dollar prompted a concerted attempt by policymakers in Tokyo to talk down the value of the currency.
Related: Japan's economic plan 'backfiring' as yen surges
Continue reading...