Yen rises as Japan's Amari warns depreciation could hurt households

(Source: Reuters)

Japanese economics minister Akir Amaria warned that a depreciation could begin to hurt households, speaking on a Sunday talk show:

People say the excessively strong yen has corrected quite a bit. If the yen continues to weaken steadily from here, negative effects on people's lives will emerge.

The yen has fallen dramatically against the dollar in the past year, driven in part by a strong dollar and Japan's aggressive monetary easing:

One electric machinery maker told Reuters:

A weak yen could have a big impact on our earnings, but its effects have not yet played out much in real demand.

A precision machinery maker:

Economic recovery is felt due to a weak yen caused by Abenomics monetary policy. But it has not led orders to recover and the situation remains tough.