Japan and South Korea have low vocals for exchange rate innovation: take measures if necessary!

Zhongxin Jingwei, September 7th. Aiming at the continuous depreciation of the country's currency against the United States, Japanese and South Korean officials have spoken on the 7th.

Japan: Or take necessary measures

The exchange rate of the yen against the US dollar continued to fall on the 7th, and the session was close to the $ 1 against the 145 yen mark for a time, a new low of 24 years after August 1998.

The Kyodo News Agency reported that the momentum of buying the US dollar in the early 7th market of the Tokyo foreign exchange market has intensified significantly. With the majority of major central banks in the United States and Europe raised interest rates, the Bank of Japan, which has not maintained the ultra -low interest rate policy, seemed to be more unique. Likong yen exchange rate.

The report mentioned that Japanese finances, Nasakamoto Sujun, expressed concern to the media on the 7th to the media about "the recent rapid unilateral trend in the Japanese yen exchange rate", pointing out that "it must be kept high attention." At the press conference, the chief of the official house said that "such a movement will continue to take the necessary response", but it does not mention the specific content.

The report also said that some people in the market are also alert to the Japanese government and the central bank to interfere with the foreign exchange market and buy the yen to sell the US dollar to prevent the yen from falling. However, Sony Financial Group's senior analyst, Ishikawa Kagoshiko, pointed out: "The monetary policy of various countries is based on its economic conditions such as inflation, and the possibility of intervention in the foreign exchange market is almost zero."

South Korea: Take measures if necessary

The Han Dynasty reached a new low against the US dollar. It was approaching the 1390 mark for a time. Since April 1, 2009, it lost the 1380 mark in the market after 13 years and five months. Previously, it has been newly renovated in the year of 5 consecutive trading days.

The Yonhap News Agency reported that South Korea ’s Deputy Prime Minister and Minister of Planning Treasury Secretary Qiu Qinghao on the 7th at the Radio and Television Journalists Club's discussion on the discussion of the Han Dynasty’ s exchange rate on the US dollar ’s exchange rate on the day of the market, the government is emphasizing that the government is paying close attention to the development of the foreign exchange market, and it will be necessary to be necessary. Take appropriate measures.

Qiu Qinghao said that the increase in exchange rate decline and foreign exchange market is not conducive to the economic and financial markets, and the South Korean government will take measures to control the market when necessary. Qiu Qinghao pointed out that the recent rise in oil and energy prices has led to increased imports and trade revenue and expenditure, which has become a stumbling block for expanding the income and expenditure surplus of current projects. Foreign exchange trend.

However, Qiu Qinghao also said that the scale of foreign exchange reserves in South Korea ranked ninth, and the International Monetary Fund (IMF) also officially determined that South Korean foreign exchange reserves are sufficient to withstand the fluctuations of the foreign exchange market.

On the 7th, Xinhua News Agency issued a report entitled "(International Observation) abuse of the US dollar hegemonic output inflation impacts the global economy" reported that this year, the Federal Reserve Committee raised interest rates four consecutive times, of which 75 basis points were raised in June and July, respectively. It is the largest interest rate hike since the early 1980s. As a result, the US dollar has continued to strengthen, and international funds return to the United States, causing many countries and regions to inflation, depreciation of currency, and even the risk of debt defaults.

According to reporters, analysts pointed out that in order to stimulate the country's economy, the United States once insisted on "water release" with financial and monetary policies, and now it has tightened the monetary policy. Behind it is the misjudgment of the economic situation and the failure of decision -making. The US finance and monetary policy rely on the US dollar hegemony to repeatedly disturb the global financial market, which not only harms the reputation of the United States, but also passes the risks to other countries and regions, becoming a major source of chaos in the world economy.

It is reported that frequent interest rate hikes and strong currencies have continued to rise in international capital, and hot money returns to the United States. Emerging markets and developing economies may face the dual dilemma of "more difficult financing, more expensive debt repayment", the risk of debt crisis risk Increase.

Some experts pointed out that the United States 'first placement of water and then raising interest rates will greatly increase the pressure on Latin American countries' debt repayment. The difficulty of gaining new credit will also increase, which may cause new debt traps. Taking Argentina as an example, the Federal Reserve ’s interest rate hike increases the risk of Argentina's exchange rate fluctuations and capital escape, affecting the market's confidence in Argentina's economy, and further increased debt repayment in the country.

Analysts pointed out that emerging markets and developments must be highly alert to the impact of US finance and monetary policy overflow. They should strengthen coordination and cooperation to jointly maintain international financial stability and promote the healthy and sustainable development of the world economy. (Zhongxin Jingwei APP)

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