Recently, the Japanese yen has been falling against the US dollar. According to Nihon Keizai Shimbun, the exchange rate of the Japanese 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.

Recently, the exchange rate of the Japanese yen against the US dollar has continued to fall.

According to Nihon Keizai Shimbun, the exchange rate of the Japanese yen against the US dollar once fell below 136 yen per US dollar on the 21st, setting a new low since October 1998.

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 , resulting in a large amount of buying of US dollars and selling of Japanese yen in the foreign exchange market, which has triggered this One of the main reasons for the depreciation of the Japanese yen.

On the afternoon of the 20th local time, according to reports from Japan's Kyodo News and other media, Japanese Prime Minister Fumio Kishida and Bank of Japan Governor Haruhiko Kuroda held talks at the Prime Minister's Residence 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.

Kuroda Haruhiko 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.

Comprehensive | CCTV Finance, CCTV News

Source: Morning News