Be prepared to take appropriate action at any time without being affected by the US Exchange Report = Kanda Treasurer
6/24/2024 8:36 AM GMT+9
On the morning of the 24th, Treasurer Kanda Masato stated that “since it will have a bad impact on the national economy, we are prepared to take appropriate action at any time when there are excessive fluctuations based on speculation, etc.,” regarding the fact that the depreciation of the yen is progressing until around 1 dollar = 160 yen, and once again showed an attitude of not resigning from exchange intervention.
The reason the United States added Japan to the “monitoring list” in the exchange rate report was due to mechanical reasons due to trade surpluses with the US, etc., and stated that “there is no problem with it itself,” and “it can be asserted that there is no impact at all” on concerns and observations that Japan will restrict exchange intervention.
The reason the United States added Japan to the “monitoring list” in the exchange rate report was due to mechanical reasons due to trade surpluses with the US, etc., and stated that “there is no problem with it itself,” and “it can be asserted that there is no impact at all” on concerns and observations that Japan will restrict exchange intervention.
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KoolkoalaSM : Realistically, the Bank of Japan can use for intervention is 20 trillion yen, and since 8 trillion yen was certainly spent in the previous and previous interventions, the remainder is 12 trillion yen. Roughly 1 trillion yen is required to lower the dollar/yen rate by 1 yen, so even if everything is used up, it will “end the war” at around 148 yen.