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Japan’s Suzuki sees bright aspects in Japanese economy
The post Japan’s Suzuki sees bright aspects in Japanese economy appeared on BitcoinEthereumNews.com. Japanese Finance Minister Shunichi Suzuki said on Monday that he sees bright aspects in the Japanese economy. Suzuki further stated that he will do his utmost to manage the economy and finance while cooperating with the Bank of Japan (BoJ). Key quotes Will continue to monitor, analyse financial market moves and work closely with relevant authorities. Will do utmost to manage economy and finance while cooperating with BOJ, and make a judgement on the current situation calmly. Seeing bright aspects in Japan’s economy on wages, investment front. It’s important to realise resilient economic growth while responding to changes in front of us. Market reaction At the time of writing, USD/JPY is trading 0.80% higher on the day at 145.35. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers. This process has exacerbated more recently due to an increasing policy divergence between the Bank of Japan and other main central banks, which have opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central…
The post Japan’s Suzuki sees bright aspects in Japanese economy appeared on BitcoinEthereumNews.com.
Japanese Finance Minister Shunichi Suzuki said on Monday that he sees bright aspects in the Japanese economy. Suzuki further stated that he will do his utmost to manage the economy and finance while cooperating with the Bank of Japan (BoJ). Key quotes Will continue to monitor, analyse financial market moves and work closely with relevant authorities. Will do utmost to manage economy and finance while cooperating with BOJ, and make a judgement on the current situation calmly. Seeing bright aspects in Japan’s economy on wages, investment front. It’s important to realise resilient economic growth while responding to changes in front of us. Market reaction At the time of writing, USD/JPY is trading 0.80% higher on the day at 145.35. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers. This process has exacerbated more recently due to an increasing policy divergence between the Bank of Japan and other main central banks, which have opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central…
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