World Economy

Yen’s Positive, Negative Effects

Yen’s Positive, Negative EffectsYen’s Positive, Negative Effects

Japanese Prime Minister Shinzo Abe said on Monday there are both positive and negative factors to a weak yen, stressing that he will closely monitor the effects on the economy. “I won’t comment on specific exchange-rate levels. But in general, a weak yen hurts some companies by pushing up import costs, Reuters reported. On the other hand, it’s positive for exporters and companies doing business overseas,” Abe told a parliament committee meeting, when asked how excessive yen declines could affect Japan’s economy.