The Governor of the Bank of Japan, Haruhiko Kuroda, mentioned on the morning of the 18th thatJapanese YenThe sharp depreciation has made the negative impact larger.The Bank of Japan has always advocatedJapanese YenThe depreciation brings extra points to the economy, and this time, the negative impact is mentioned, and the market expects an attempt to contain the exchange rate trend.
Japanese YenIt once fell at 126.79 per dollar today Japanese Yenaround, hitting lows not seen since May 2002, the dollar rose against the dollar after Kuroda’s remarksJapanese YenCome to the first half level of 126,Japanese YenA slight rise.
Kuroda Haruhiko said,Japanese YenDepreciation is a plus for the Japanese economy, but it must also be consideredJapanese Yennegative effects of devaluation.
The U.S. Federal Reserve is continuing to tighten monetary policy due to the emergency and sudden inflation. On the other hand, Japan’s monetary policy remains loose, which has also led to the widening of the interest rate gap between the United States and Japan, resulting inJapanese YenDegraded.
In addition, on Friday (15th), Japanese Finance Minister Shunichi Suzuki also talked about the press conference.Japanese Yenmentioned in the question, currentlyJapanese YenDevaluation is bad; it is rare in Japan for the head of the government in charge of currency operations to express opinions on whether the exchange rate is good or bad.