Senior Senator Taro Kono: Japan must "quickly" raise interest rates and overhaul its finances to reverse the depreciation of the Japanese yen.

According to the Zhitong Finance APP, senior ruling party lawmaker Taro Kono of Japan said on Tuesday that Japan must raise interest rates and reform fiscal order to reverse the weakening trend of the yen. The current depreciation of the yen has raised inflation, putting pressure on household budgets.