The depreciation of the yen does not stop. Bank of Japan Governor Kuroda ”Continue the current method”
Around noon on the 13th, the dollar became 135.22 yen at the Tokyo foreign exchange market.
The yen has never been so cheap for 24 years
One of the reasons why the yen continues to depreciate is the difference in interest rates between the United States and Europe and Japan.
In the United States, the Fed raised interest rates in March to reduce inflation problems such as higher prices.
And in May, long-term interest rates rose to 3%
日本銀行は金利を下げるやり方を続けています
Bank of Japan continues to lower interest rates
Japan’s long-term interest rate is about 0%
Bank of Japan Governor Kuroda says he will not change the way he is doing now
”Japan’s GDP has not returned to the same level as before the spread of the new coronavirus.
Now, if we raise interest rates, we are worried that the economy will worsen. ”
It is difficult for the Bank of Japan to decide what to do because the economy may worsen whether the current method is continued or changed.
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