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Yen rises on Shinzo Abe’s resignation, dollar drops

WorldNews Saturday, 29 August 2020
Yen rises on Shinzo Abe’s resignation, dollar dropsReuters, LONDON As news that Japanese Prime Minister Shinzo Abe would resign pushed the yen higher on Friday, the US dollar fell heavily against most major currencies — weighed down by the prospect of long-term lower US interest rates. Japanese stocks fell and the safe-haven yen erased some recent losses overnight when it was reported that Abe, the nation’s longest serving prime minister, would step down due to worsening health. The yen, which had fallen to a two-week low of ¥106.945 per US dollar,...
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News video: Shinzo Abe resigns as health declines | Japan to get new Prime Minister | Oneindia News

Shinzo Abe resigns as health declines | Japan to get new Prime Minister | Oneindia News 01:36

Japan PM Shinzo Abe announced his resignation during a news conference on Friday. Abe does not want to cause problems in administration after he has been absent from the public due to a deteriorating health condition. He made 2 hospital visits in recent days as his chronic ulcerative colitis worsened...

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Shinzo Abe Shinzo Abe 90th and 98th Prime Minister of Japan

Suga takes the reins from Abe as new PM [Video]

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Credit: Reuters Studio    Duration: 02:09Published
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Credit: Al Jazeera STUDIO    Duration: 02:07Published

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