The yen has depreciated sharply. The Japanese Prime Minister held an emergency consultation with the Bank of Japan Governor.
On the afternoon of the 20th local time, according to reports from Kyodo News and other media, Japanese Prime Minister Kishida Fumio and Bank of Japan Governor Kuroda Haruhiko held an emergency consultation at the Prime Minister's Residence. held talks and exchanged views on recent foreign exchange market trends. After the meeting, Kishida Fumio said that they mentioned that the sharp depreciation of the yen was a worrying issue during the meeting.
Haruhiko Kuroda also said that the sharp depreciation of the yen has brought various uncertainties to the business plans of Japanese companies, and he does not want this situation to continue. He said he would pay attention to the trends in the foreign exchange market and cooperate with the government to respond.
Recently, the exchange rate of the Japanese yen against the US dollar has been declining. Japanese experts said that this year the United States has raised interest rates at an unprecedented rate, and a large amount of funds flowing into the international market have returned to the United States; while Japan continues to maintain an ultra-easy monetary policy, causing the foreign exchange market to buy a large number of U.S. dollars and sell Japanese yen, which is what triggered this crisis. One of the main reasons for the depreciation of the yen.
The exchange rate of the yen against the U.S. dollar
once fell below 136 yen per U.S. dollar
According to the Nihon Keizai Shimbun report, the exchange rate of the yen against the U.S. dollar once fell below 136 yen per U.S. dollar on the 21st, setting a new low since October 1998.
Source: China Economic Network
