The Yen Is Tanking As Japan's New Prime Minister Has Another New Idea

Headlines are crossing that incoming Japanese Prime Minister Shinzō Abe, who has been vocal in his efforts to weaken the Japanese yen, has said that the Bank of Japan should target unemployment – a significantly dovish shift from the central bank’s current policy.

Bloomberg says Nikkei is reporting the comments.

Below is a chart of the yen versus the U.S. dollar (the USD/JPY pair):



SEE ALSO: Japan’s ageing Population Could Soon Struggle To Buy Food Thanks To The Yen’s Decline >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at