Yen Slumps to 10-Month Low

2025-11-19 19:46 By Joana Taborda 1 min. read

The yen extended its decline toward 157 per USD on Wednesday, its weakest level since mid-January, after Finance Minister Satsuki Katayama said Japan’s new government was closely monitoring financial markets.

According to the Finance Ministry, Bank of Japan Governor Kazuo Ueda and key economic ministers agreed to track market developments with a “strong sense of urgency".

The yen has come under heavy pressure this week amid expectations that Prime Minister Sanae Takaichi’s new administration will unveil a large fiscal stimulus package supported by low interest rates.

Reports indicate the spending plan could exceed JPY 20 trillion, funded by an additional budget of roughly JPY 17 trillion.



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