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Stock impact report

Analysis-Japan PM's idle yen comments send finance bureaucrats scrambling [Yahoo! Finance]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: Yahoo! Finance
sharp currency falls, a fresh challenge has emerged from its own prime minister, whose off-the-cuff comments tell a different story about yen weakness. Prime Minister Sanae Takaichi, who heads to a snap election ?she is widely expected to win this Sunday, triggered a yen selloff earlier this week after a campaign speech in which she talked up the benefits of a weaker ?currency. While she later walked back those comments, monetary bureaucrats are privately worried mixed signals from the prime minister could undermine a push to shore up the battered currency, particularly through U.S. rate checks that signalled rare joint efforts with Washington. The weak ?yen has become a political sore point both at home and abroad, blamed domestically for soaring imported costs and more recently by the Trump administration for potentially destabilising U.S. markets. Takaichi's campaign comments this week quickly raised eyebrows among officials in her administration, according to people famili Show less Read more
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