Japan’s Finance Minister Hirohisa Fujii, 77, was hospitalised Monday for a rest and medical tests due to high blood pressure and fatigue after weeks of hard work on the budget. “The minister was hospitalised at 10.00 am (0100 GMT) today to rest and get check-ups,” a finance ministry spokesman said. “He has been tired and his blood pressure was a bit high as he had been working hard to draft the budget.”
Even so, many experts predict that there isn’t going to be any noticeable effect of this event to Japan’s currency. “There is no impact on the currency market,” said Barclays Capital analyst Masafumi Yamamoto, noting that at the yen’s current level, speculation about whether Fujii might order intervention to weaken the currency has faded.
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