Yen softens beyond 149 against dollar amid Japan election jitters

Concern over swelling debt if ruling parties lose sends currency to 3-month low

20250715N Yen-Dollar

Japan's election uncertainties and U.S. inflation numbers have weakened the yen. (Photo by Mizuho Miyazaki)

RYO SAEKI and GENKI IKUTA

TOKYO -- The yen weakened beyond 149 to the dollar at one point Tuesday in New York, a level it last reached in early April, amid uncertainty over whether Japanese opposition parties calling for fiscal expansion will gain more clout after the upper house election this coming Sunday.

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