Good morning, Asia. This was our most read story over the weekend. Yen falls on Japan Inc.'s reluctance to repatriate profits. https://t.co/DLLon2vWAL
JAPAN PM KISHIDA: SHARE UNDERSTANDING OF FOREX MOVES WITH TOP CURRENCY DIPLOMAT KANDA, WONT COMMENT ON SPECIFICS
JAPAN FINMIN SUZUKI: WON'T COMMENT ON FOREX LEVELS








Japan's yen has weakened significantly, prompting officials to consider market intervention. The Bank of Japan's actions have impacted capital markets, leading to record high gold prices in Japan. Various factors, including Japan Inc.'s reluctance to repatriate profits, exporters using forex earnings overseas, and speculative moves, have contributed to the yen's decline despite the BOJ's policy changes. Top Japanese officials, including the finance minister and prime minister, have commented on the situation, expressing concerns about the unusual yen weakness and potential interventions.