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Weak yen deepens concerns over trade balance

While Korean tourists are flocking to Japan to take advantage of a record-low yen, concerns are deepening among businesses over capital outflow and export slump in the coming months. The Korean currency closed in the 910 won ($0.70) range against 100 Japanese yen on Friday. The won-yen exchange rate had stayed above the 1,000-won range between 2019 and 2022, but the figure continued to fall this year to an eight-year...
South Korea Cho Eui Yoon Kim Chae Yoon Federation Of Korean Industries Korea Economic Research Institute Japanese National Tourism Organization

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