Renewed Yen Weakness Heightens Inflationary Risks in Japan -- Market Talk

Dow Jones04-13 13:27

0527 GMT - While there is still a possibility that the U.S. and Iran will resume peace negotiations, it is difficult to envision an early resolution to rising oil prices, says Mitsubishi UFJ Morgan Stanley Securities strategist Naomi Muguruma. "Under these circumstances, a persistent weak yen would also put upward pressure on the prices of goods other than crude oil, such as food, ultimately weighing down real income," she says. The yen has been hovering around 159.70, near the 160 yen level many consider to be intervention-danger zone. Japan's trade minister, Ryosei Akazawa, said Sunday that an interest-rate increase could be one way to ease inflationary pressures by bolstering the value of the yen.(megumi.fujikawa@wsj.com)

(END) Dow Jones Newswires

April 13, 2026 01:27 ET (05:27 GMT)

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