Japan Ready To Act As Yen Hits 40-Year Low

Japan’s finance minister said Tuesday that authorities were ready to take “appropriate action” after the yen hit a 40-year low against the dollar.

The currency has been sliding for years and has come under renewed pressure because of the Middle East war and the gap in US and Japanese interest rates.

Satsuki Katayama said Japan “will take appropriate action at any time as necessary”, local media…