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Japan issues fresh warnings after yen hits 38-year low; Elon Musk’s SpaceX ‘valued at $210bn’ – business live

Japan issues fresh warnings after yen hits 38-year low; Elon Musk’s SpaceX ‘valued at $210bn’ – business live

Introduction: Yen at 38-year low against the dollar

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

Pressure is piling on Japan’s authorities to intervene in the foreign exchange markets, after the yen weakened to a 38-year low against the US dollar.

The yen, which has been ailing for some months, has weakened to as low as 160.8 to the dollar, for the first time since 1986.

That takes…


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