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The yen weakened slightly as Shigeru Shoji called on the Central Bank of Japan to maintain loose monetary policy.
On September 30th, Jin10 data reported that in early Asian trading, the yen weakened slightly against the other 10 major currencies and Asian currencies, as there were reports that Japan's new Prime Minister, Shintaro Ishihara, called on the Japanese Central Bank to maintain loose monetary policy. Alvin T. Tan, Asia forex strategy director at Royal Bank of Canada, cited local media reports on Sunday, saying, "In any case, Ishihara said that the normalization of the Japanese Central Bank's policy should proceed with caution."