BREAKING NEWS

BREAKING NEWS

Kan wants weaker yen

Now Reading:

Kan wants weaker yen

Text size Aa Aa

Japan’s new finance minister, Naoto Kan, has called for a weaker yen.

At his first news conference Kan said he will work with the Bank of Japan to achieve an “appropriate” level.

The unusually explicit remarks from a Japanese finance minister prompted the yen to slide sharply against the dollar.

Kan said the cabinet will work on a financial framework for Japan’s long term economic recovery.