President of the Bank of Japan: The Japanese economy is "unfavorable" in Japan

Bank of Japan, the governor of the Central Bank of Japan, warned on the 17th that the Japanese yen has recently devalued the "unfavorable" Japanese economy.

Kuroda said at a press conference that afternoon that the yen exchange rate fluctuations should be stable, reflecting the fundamental and financial fundamentals. The Bank of Japan needs to closely observe the exchange rate market trend.

The Bank of Japan held a monetary policy meeting earlier that day and decided to maintain a super loose monetary policy. After this decision was announced, the yen's exchange rate against the US dollar fell 1.8%.

This is the yen banknote taken in Tokyo, Japan on April 20. Xinhua News Agency reporter Zhang Xiaoyu Zhang Xiaoyu

According to the analysis of the Kyodo News Agency, in view of the expansion of Japan's interest rate difference between Japan and the continuous interest rate hike, the depreciation of the yen on the US dollar may accelerate. The Federal Reserve Committee decided to raise interest rates 75 basis on the 15th. This is the Maximum interest rate hike since 1994, showing the urgency of controlling inflation. The yen does not have an advantage in financial management, and it will be more likely to be sold.

The Bank of Japan also mentioned the foreign exchange market earlier on the 17th, saying that it is necessary to observe the impact on Japan's economy and market. Bloomberg News commented that the Bank of Japan mentioned that the foreign exchange market was a "rare" move.

This is the yen and dollar banknote taken in Tokyo, Japan on April 20. Xinhua News Agency reporter Zhang Xiaoyu Zhang Xiaoyu

Nahari, the chief market economy of Japan, told Bloomberg reporter: "Although the decision of the Bank of Japan meets expectations, those who want to confront the Bank of Japan will continue to challenge ... I suspect that they may not announce at the Bank of Japan today that they will announce today Action immediately after decision, but this confrontation will continue in July. "

The yen's exchange rate against the US dollar fell to the low level on Monday, while the yield of Japan's 10 -year Treasury bonds exceeded the 0.25%limit set by the Bank of Japan.

At the same time as care about the foreign exchange market, the Bank of Japan also expects that the stability of the domestic new crown epidemic in Japan has driven "retaliated consumption".

Kuroda previously said that it will continue to promote the currency easing policy and strive to achieve a virtuous circle of wages and prices. (Bu Xiaoming)

(Source: Xinhua News Agency client)

【Edit: Fu Sakura】

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