Advertisement
Australia markets closed

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • AUD/USD

    0.6422
    -0.0003 (-0.05%)
     

  • OIL

    83.18
    +0.45 (+0.54%)
     

  • GOLD

    2,399.20
    +1.20 (+0.05%)
     

  • Bitcoin AUD

    100,901.87
    +5,004.36 (+5.22%)
     

  • CMC Crypto 200

    1,332.39
    +19.76 (+1.53%)
     

  • AUD/EUR

    0.6022
    -0.0009 (-0.15%)
     

  • AUD/NZD

    1.0893
    +0.0018 (+0.17%)
     

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,835.15
    -41.90 (-0.53%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,719.12
    -118.28 (-0.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

The Yen Is Tanking As Japan's New Prime Minister Has Another New Idea

Matthew Boesler

Headlines are crossing that incoming Japanese Prime Minister Shinzo Abe, who has been vocal in his efforts to weaken the Japanese yen, has said that the Bank of Japan should target unemployment – a significantly dovish shift from the central bank's current policy.

Bloomberg says Nikkei is reporting the comments.

Below is a chart of the yen versus the U.S. dollar (the USD/JPY pair):

SEE ALSO: Japan's Aging Population Could Soon Struggle To Buy Food Thanks To The Yen's Decline >



More From Business Insider