(Bloomberg) -- Japan's Finance Minister Koji Omi is
likely to face pressure over the value of the yen from economies as
diverse as South Korea and New Zealand at a meeting of 21 Asia-
Pacific policy makers in Australia starting today.
Money borrowed in Japan, where the benchmark interest rate is
0.5 percent, is being invested in economies offering higher returns.
New Zealand, where the key rate is 8.25 percent, has seen its
currency driven to a 22-year high by the so-called yen carry trade.
Thailand's baht has surged to its highest since the Asian financial
crisis a decade ago, as has the South Korean won.
Read more at Bloomberg Currencies News
likely to face pressure over the value of the yen from economies as
diverse as South Korea and New Zealand at a meeting of 21 Asia-
Pacific policy makers in Australia starting today.
Money borrowed in Japan, where the benchmark interest rate is
0.5 percent, is being invested in economies offering higher returns.
New Zealand, where the key rate is 8.25 percent, has seen its
currency driven to a 22-year high by the so-called yen carry trade.
Thailand's baht has surged to its highest since the Asian financial
crisis a decade ago, as has the South Korean won.
Read more at Bloomberg Currencies News
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