Soaring yen hampers Japan's recovery

The yen has climbed to an eight-month high against the dollar. But that's making Japan's economy weaker.

While sterling has hit the skids, the yen is attracting attention for the opposite reason. It has climbed to an eight-month high of just under 90 against the dollar, having gained 16% against the greenback in the past year. The Japanese currency has also become more volatile over the past fortnight. That's thanks to the government, which recently told the markets that it didn't support a "weak yen" policy making intervention seem less likely than under the last government but then signalled that it may intervene.

What the commentators said

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