Japan’s Abe says there are positive and negative effects of weak yen

6 October 2014, 09:19
Francesco Sgarbossa

won’t comment on specific yen levels; in general weak yen pushes up import costs and hurts small companies while exporters; Japanese PM giving us a quick lesson in basic economics; export declines have stopped due to weak yen since Abenomics introduced; hopes firms are beginning to shift investment back home; USDJPY unchanged at 109.50;



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