TOKYO -- Japan's currency weakened to 156 on the dollar on Wednesday for the first time in nearly 10 months, as Prime Minister Sanae Takaichi pursues a loose fiscal policy and prepares to draw up a major economic stimulus package.
Markets
Yen weakens to 156 per dollar as Takaichi pursues loose fiscal policy
Expectations of early rate hike recede; verbal intervention fails to stop slide
The yen has fallen to the lowest against the dollar in nearly 10 months as expectations grow that monetary and fiscal policy will remain loose in Japan. (Photo by Mizuho Miyazaki)
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