S. Koreans’ Purchase of Japanese Yen Up Nearly Fivefold in May

SEOUL, June 18 (Korea Bizwire) — South Koreans’ combined purchase of the Japanese currency at local banks jumped nearly fivefold in May from a year earlier, data showed Sunday, as more people took advantage of a weaker yen. The amount of Japanese currency sold at the country’s four major banks came to 30.16 billion yen [...]