Live Breaking News & Updates on Nd Electric Appliance Issues The Japanese Currency Remained Weak After Breaching 143 Line In New York Overnight As Stronger Than Expected Us Non Manufacturing Data From Institute For Supply Management Increased Likelihood That Central Bank Will Carry On With Aggressive Interest Rate Hikes

A financial data screen in Tokyo shows the U.S. dollar hitting the 144 yen level on Sept. 7, 2022. (Kyodo) TOKYO - The yen weakened to the 144 zone against the United States dollar on Wednesday, hitting a new 24-year low, as investors continued to sell the Japanese currency in anticipation of higher interest rates in the US. Tokyo stocks fell in the morning as investors grew concerned over a slowdown in the world's largest economy and the global economy as a result of the US Federal Reserve's monetary tightening. The 225-issue Nikkei Stock Average fell 263.68 points, or 0.95 percent, from Tuesday to 27,362.83. The broader Topix index was down 14.79 points, or 0.77 percent, at 1,911.79. On the top-tier Prime Market, decliners were led by mining, marine transportation, and electric appliance issues. The Japanese currency remained weak after breaching the 143 line in New York overnight as stronger-than-expected US non-manufacturing data from the Institute for Supply Management inc ....

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