Experimental feature

Listen to this article

Experimental feature

Japan’s yen softened further in early Asian trade on Monday after the country reported slower than expected fourth-quarter growth.

The yen slipped 0.8 per cent to ¥114 per dollar, its weakest since January 30, following the release of data showing gross domestic product for the three months to December grew 0.2 per cent quarter on quarter, coming in below estimates of 0.3 per cent growth.

The currency has weakened 8.8 per cent against the dollar since the beginning of November, though it has strengthened 2.5 per cent in the year to date.

Japanese prime minister Shinzo Abe had his second meeting with Donald Trump this weekend with a visit to Trump’s Mar-a-Lago resort in Florida.

Get alerts on Yen when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.
Reuse this content (opens in new window)

Comments have not been enabled for this article.

Follow the topics in this article