Yen weakens on report Japan prime minister questioned rate hike plans

NEW YORK >> The yen slipped today after a news report that Japanese Prime Minister Sanae Takaichi had conveyed her reservations about further interest rate hikes to Bank of Japan Governor Kazuo Ueda, raising doubts over the next rate increase. The report, if true, signals potential friction over monetary policy that could complicate the BOJ’s timetable as coordination with the newly strengthened administration becomes more delicate.

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