Japanese Prime Minister TAKAICHI Sanae said on Monday the government’s efforts to boost the country’s growth potential and competitive advantage will increase market trust in the yen. “Exchange rates move on various factors and are set by markets. It’s hard to gauge the direct impact of any specific factor,” Takaichi told parliament. Takaichi made the remark, when asked by an opposition lawmaker on whether the yen’s recent declines could have been caused by the administration’s reservations over the Bank of Japan’s rate-hike plans.
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