Yen’s relentless slide revives Japan’s interest in structural reforms

TOKYO, May 30 (Reuters) – Japanese policymakers are turning their attention to more structural economic factors behind persistent yen declines, convinced that market intervention is limited in its ability to reverse the currency’s broader slide.

Data due out on Friday is likely to show Japan spent roughly 9 trillion yen late April through early May to slow the decline in the yen, which hit a 34-year low below 160 to the dollar.