Japan's central bank really needs to raise interest rates, says strategist

Name: Japans central bank really needs to raise interest rates, says strategist
Uploaded: 2024-06-26T04:15:05+08:00
Description: Japans central bank really needs to raise interest rates, says strategist

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2024-06-26

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Two days after the assassination of former Japanese Prime Minister Shinzo Abe, Japan held its 26th Senate election on July 10. The ruling Liberal Democratic Party won a landslide victory, taking 63 of the 125 seats. On the morning of July 11, the yen accelerated its depreciation - DayDayNews
Recently, the Japanese yen exchange rate has fallen for 14 consecutive trading days, and its exchange rate against the RMB briefly exceeded the 20 mark on April 20, setting a record for the longest losing streak in nearly half a century. - DayDayNews
The Japanese yen was boosted by the speech of the Bank of Japan president today. At around 3 p.m., USD/JPY suddenly broke through the 126 yen mark, the lowest value since May 17, 2002. - DayDayNews
According to a report by Japan's Kyodo News on July 14, according to major banks, the yen-dollar exchange rate in the Tokyo foreign exchange market in early trading on the 14th once fell to above 138 yen per U.S. dollar, hitting a 24-year low since September 1998. In view of mark - DayDayNews
The Japanese yen depreciated against the U.S. dollar in the foreign exchange market on July 11, reaching a low of 137 yen per U.S. dollar, which was the weakest level in the past 24 years since September 1998. - DayDayNews
Cover News Reporter Zhu Ning As of press time on July 11, the Japanese yen fell 0.69% against the U.S. dollar to 137.022 yen per U.S. dollar. In the morning, the yen once fell below the 137 mark against the US dollar to 137.12, the lowest since 1998. - DayDayNews
The Japanese yen exchange rate fell below 1 US dollar = 139 yen again for the first time in about 24 years, with a minimum of 139.389 yen. If you deposited 10 million yen in the Bank of Japan at that time and withdraw it now, you will lose 345,000 yuan directly. - DayDayNews
The yen temporarily fell to a low of 137 yen per dollar, its lowest level in about 24 years since September 1998. Market participants said, "Some people believe that the Liberal Democratic Party won a resounding victory in the upper house election yesterday and its large-scale mo - DayDayNews
In the morning, the Chinese Kuomintang compiled a list of the "Top Ten Irresponsible" incidents when Chen Shizhong was the commander of Taiwan's "Epidemic Command Center", criticizing Chen for evading responsibility for Taiwan's major setbacks in epidemic prevention and running a - DayDayNews
The CPI in the United States "broke 9" in June, setting a new high in nearly 40 years. Energy and core services are the main factors driving CPI to new highs. Core commodities have shown clear signs of peaking year-on-year. Food prices are still rising, but the growth rate is slo - DayDayNews

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