Bank of Japan Governor, Kazu Oida, stated that there are both positive and negative effects of a weak yen.
He affirmed that the central bank would maintain its accommodative policy unchanged at present, despite growing concerns about the local currency.
Governor Oida added that a weak yen amplifies the negative economic impacts by raising import prices, but it also helps enhance exports, including domestic spending.
On another note, speculators have increased their bets on a yen decline, indicating that some in Wall Street are worried about the continued weakness of the Japanese currency.
Funds relying on borrowing to finance yen selling positions rose to around 65,500 contracts in the week ending November 14, the highest number since April 2022, according to data from the Commodity Futures Trading Commission.
Meanwhile, Asim Mansour, Chief Market Strategist at Orbx, explained in an interview with "Al Arabiya Business" the reasons behind the yen's decline and his future expectations for the Japanese currency.
