The Bank of Japan decided to maintain the current monetary policy at the financial policy meeting held on the 26th.They decided to maintain the current monetary policy.At the March meeting, the negative interest rate policy was lifted, and a view was expressed that an accommodative monetary environment would continue. With low interest rates being maintained, the interest rate differential with the USA remains wide, and the dollar-yen has temporarily dropped to 156 yen.The dollar-yen has updated its low to 156 yen.Some sectors of the market have the view that 1 dollar = 155 yen is the government's "defense line", but while there were no signs of exchange intervention, the yen depreciation continued to the mid-156 yen level. Yuusuke Okada of Mitsubishi UFJ Trust Bank stated, "I thought there would be intervention at 155 yen. At this rate, it could even go to 160 yen."
Some sectors of the market have the view that 1 dollar = 155 yen is the government's "defense line", but while there were no signs of exchange intervention, the yen depreciation continued to the mid-156 yen level. Yuusuke Okada of Mitsubishi UFJ Trust Bank stated, "I thought there would be intervention at 155 yen. At this rate, it could even go to 160 yen."
The sharp depreciation of the yen is pushing up Japanese stocks, attracting inflows of funds from overseas into Japanese stocks. The ongoing depreciation of the yen is strengthening exports, especially for transportation equipment, electric appliances, precision instruments, machinery, and other major export companies.It is expected to bring benefits to major export companies such as automobiles, electric appliances, precision instruments, and machinery, etc.There is a possibility that the ongoing depreciation of the yen will bring benefits."Yen Depreciation Benefits"The stocks are as follows:
When looking at the 2023 net profit rankings of listed companies in Japan, the performance of Japan's top companies is strongly related to overseas revenue. In particular, the automobile industry, represented by $Toyota Motor (TM.US)$...