Japan’s Currency Diplomat on Weak Yen and Inflation

TOKYO (Reuters) – Japan’s top currency diplomat, Atsushi Mimura, emphasized on Tuesday that a weak yen could increase inflation by raising import costs. He highlighted the necessity of enhancing consumption by ensuring real wages become positive.

“The outlook of real wage is very important. From our perspective, a weak yen would work to push up inflation through higher import costs,” Mimura, who is the vice finance minister for international affairs, stated at a Reuters NEXT Newsmaker event.