Opposition Japanese Request Make Intervention Yen to BoJ

Japan's opposition party asked the Bank of Japan to intervene more often on the currency market. In addition, opposition parties also asked the central bank to loosen monetary policies in order to reduce the Yen. It is feared, a stronger yen will continue to give bad impact to the economy of Japan. The opposition also proposed to buy an additional budget worth 12 trillion yen for the companies that are currently struggling with the yen at a deemed value is too high. The proposal currently under consideration of the Minister of Finance in June Azumi and members of his cabinet.

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