Indonesian Rupiah to Hit Record Low on Fiscal Woes, Analysts Say [Yahoo! Finance Canada]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
US:NYSE Investor Relations:
mizuho-fg.com/investors/index.html
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Source: Yahoo! Finance Canada
The currency may weaken past the 16,950 per dollar level set in 1998, according to Mizuho Bank Ltd. and MUFG Bank Ltd., amid investor unease over President Prabowo Subianto's populist spending measures and policies. The rupiah pared losses on Tuesday, after it touched a three-decade low, to close at 16,595 after Bank Indonesia stepped in to support the currency. Traders have been rattled by Prabowo's plans to erode the central bank's independence and his aggressive policies against foreign businesses like Apple Inc., with jitters running high over the nation's fiscal outlook. US tariffs, which are set to be unleashed next week, are further denting sentiment. “Markets are becoming increasingly concerned about growing fiscal risks in Indonesi
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MFG
Sec Filings
- 3/3/25 - Form 6-K
- 2/28/25 - Form 6-K
- 2/14/25 - Form 6-K
- MFG's page on the SEC website