rare!Japanese Prime Minister's public development voice: high degree of vigilance, if necessary

When Japanese Prime Minister Kishida Wenxiong visited the New York Stock Exchange on the 22nd, the Japanese government would strictly monitor market fluctuations with a "high degree of vigilance". Once the yen appeared "excessive flow" due to speculation, the government will intervene again when necessary. Essence

"Once the fluctuations are too large, we will take necessary measures decisively," he said.

A few hours before the above remarks, Kishida, in the late night of Tokyo time, the Japanese government bought a large yen to boost the exchange rate. This is the first time that the Japanese government has intervened in the foreign exchange market in this way since 1998.

According to Reuters, the prime minister of Japan is uncommon for public exchange rates. Kishida's remarks show that the Japanese government is determined to curb the rapid decline in the yen, so as not to increase the pressure on Japanese families and retailers due to the continuous rise in imported raw materials and fuel prices.

After the government's shot, the yen appreciated slightly, and the US dollar against the yen fell more than 2%, to about 1 to 140.3. However, as of 23:16 on the 22nd (7:16 on the 23rd of Beijing time), the exchange rate returned to the level of $ 1,142.36.

Jenn banknote. Xinhua News Agency reporter Zhang Xiaoyu Zhang Xiaoyu

The Central Bank of Japan has previously decided to maintain a loose monetary policy to stimulate the economy, and the outside world is worried that the Japanese yen will continue to depreciate.

September 23 is the Japanese public holiday autumn equinox. The Deputy Minister of the Ministry of Finance, the Ministry of Finance, said on the 22nd that although the government was on vacation the next day, if the government decided to intervene again, it would not be restricted by this factor.

【News more】 a little more]

Japan's core CPI increase has reached a new high for nearly eight years

Since the beginning of this year, the price of oil and gas has risen, and the depreciation of the yen has caused a serious impact on Japanese companies and people's livelihood. Many companies cannot pass the increase in costs to prices, making operations extremely difficult.

The results of trade statistics released by the Ministry of Finance in Japan on September 15 showed that due to the sharp depreciation of imported goods prices, Japan has depreciated sharply, and Japan has developed a trade deficit for 13 consecutive months. The trade deficit in August reached 2.82 trillion yen, a record high.

On July 29, Shibuya, Tokyo, Japan. Xinhua News Agency reporter Zhang Xiaoyu Zhang Xiaoyu

Statistics of Empire Data Banking show that in August 2022, there were 7 incidents of direct or indirect factors such as the increase in import costs caused by the increase in import costs, which caused 7 incidents of corporate bankruptcy. The number of single month exceeded 2021. From the perspective of the industry, foods, fiber products, mechanical part manufacturing and wholesale industries are the most seriously affected by the devaluation of the yen.

The results of the survey showed that about 80 % of the enterprises really felt the increase in costs caused by the sharp depreciation of the yen. In addition to fuel costs and electricity bills, as many as 20,000 kinds of food and building materials such as food and building materials are also rising.

The rise in raw material prices directly led to a sharp increase in living pressure in residents. According to data from the General Affairs of Japan, the CPI (Consumer Price Index) in Tokyo in August was 102.4, an increase of 2.6%year -on -year, and the increase was the largest since October 2014.

(Source: China Economic Network)

【Edit: Shang Pei】

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