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Japan’s growth strategy panel calls for vigilance against the yen’s weak impact

Prime Minister Fumio Kishida’s advisory panel on growth strategies on Friday called on the government and the Bank of Japan to be vigilant about the impact of the yen’s depreciation.

The call reflects the government’s growing concerns about a weak yen, which is causing headaches for Kishida’s government as the currency’s decline drives up the cost of living for households by inflating the price of imported food and fuel.

“The yen has weakened by around 10% against the dollar since the start of this year, and the impact of this depreciation could be reflected in inflation over the next six months to a year,” the panel said in its draft action plan on the economy from Kishida. program of the ‘new capitalism’, aimed at stimulating growth.

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