IMF sees recent yen falls as reflecting fundamentals

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Sweet and Spicy: what's the buzz on honey infusions? | SaltWireMARRAKECH, Morocco - The yen's recent declines are driven by fundamentals and do not meet any of the considerations that would call for authorities to intervene in the currency market, a senior International Monetary Fund official said on Saturday.

Authorities in Japan are facing renewed pressure to combat a sustained depreciation in the yen, as investors bet on higher-for-longer U.S. interest rates while the Bank of Japan remains wedded to its super low interest rate policy.

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