All Japan needs is a sputnik moment. Fixes the economy in a snap. Heard it on TV.
Maybe this is a blessing in disguise for them?
I believe the reporter needs to tone down the rhetoric.
The yen HAS NOT moved sharply lower.
The yen/dollar exchange closed at 121.27 yesterday and today it is trading at 120.46.
I do not believe that change is “sharply lower”.