TOKYO -- Former Japanese Prime Minister Shinzo Abe said Monday that the Bank of Japan would be mistaken to tighten policy this week because of the weakening yen.
"There is absolutely no need to be swayed" by the yen's depreciation, Abe said at a meeting of the ruling Liberal Democratic Party's caucus for post-pandemic economic policy. "The idea that interest rates should be raised to prevent the yen from weakening is clearly wrong."
