Japan Union Head Calls on Government to Stabilize FX, Prices

The leader of Japan’s largest labor union group urged Prime Minister Sanae Takaichi’s government to stabilize currencies and prices, as inflation continues to hit households and workers.

“The yen’s current weakness is fueling import-driven inflation, and prices are rising above the 2% target set by the government and the Bank of Japan,” Tomoko Yoshino, chair of Japan’s largest labor union federation Rengo, said in a group interview on Wednesday. “We will press the government to pursue macroeconomic policies that help stabilize prices and exchange rates,” she said.