The Japanese yen fell to a seven-year low against t in New he U.S. dollar in New York on Thursday (local time), media reports said. The exchange rate dropped to 116.10 yen per the greenback, the weakest level since October 2007. The drop came after speculation that Japan’s Prime Minister Shinzo Abe may postpone a planned sales-tax increase and call early elections next month. Market watchers believe that yen will continue to weaken, the Yomiuri Shimbun newspaper said.
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