The Japanese government intervene in foreign exchange financial experts after a lapse of 24 years: the effect can only be maintained for a while

Japan announced intervention on the foreign exchange market (Japanese TV station)

Overseas Network, September 23. According to the Japanese current Affairs Communications report on the 23rd, the Ministry of Finance of Japan announced on the 22nd that intervention in the foreign exchange market was to prevent the yen from depreciating. This is the Japanese government intervene again after 24 years. Many Japanese financial experts believe that the effect of this move can only be "maintained for a while."

Japan's current affairs communication agencies said that due to the differences in financial policy in Europe and the United States that are eager to tighten monetary policy and Japan, which maintains large -scale loose monetary policy, many financial experts believe that the Japanese government's intervention in the foreign exchange market is only temporary. Economist Ueno Kato said that the direction of Japan and the United States has different directions, and the trend of the devaluation of the yen is difficult to change. If there is no major changes in the market, such as the Bank of Japan's adjustment of monetary policy, or decline in the US economy, the weak direction of the yen caused by the difference in interest rate differences will not change.

Suzuki Kento, the chief market strategist of Mizuho Bank, said that the Japanese government chose to intervene at $ 1 against 145 yen, which allows the market to see that the Japanese government also has a "psychological defense line". Terrace Iron Bing, a financial analyst at Mitsubishi UFJ Bank, said that whether the Japanese government and the Bank of Japan will repeatedly interfere with the foreign exchange market in the future, becoming the focus of attention. (Overseas Network/Wang Shanning Internship Compilation/Fan Xin)

- END -