Yen's wild ride reflects Japan wage growth anxiety
TOKYO -- Japan's currency remains under pressure after two days of sharp gains triggered speculation that authorities had intervened to support the yen.
A weak yen threatens to undercut the benefits of long-sought wage growth that policymakers hope will drive a virtuous economic cycle. Despite the gains, what had been fueling the yen sell-off -- the interest rate gap between Japan and the U.S. -- has not changed.