jackofbetterpoker| Expert: The US financial policy of aggressively raising interest rates is the main reason for the yen's depreciation

After the Bank of Japan concluded its two-day monetary policy meeting on April 26,JackofbetterpokerDecided to keep the interest rate unchanged and the short-term interest rate to remain at 0 to 0Jackofbetterpoker.1% level. As a result, the yen continued to fall against the dollar. On the 26th, the yen fell below 158 yen to the dollar on the New York foreign exchange market, setting another 34-year low.

Japan's Waseda University Business School Associate Professor Nobuhiko Sakahara believes that the financial policy of aggressive interest rate hikes in the United States is the main reason for the devaluation of the yen.

Japan Waseda University Business School Associate Professor Nobuhiko Sakahara: the biggest reason for the depreciation of the yen is not in Japan, but high interest rates in the United States are the main reason. The market originally predicted that the United States would cut interest rates three times this year, but the US consumer price index remained high and expectations of a US interest rate cut fell.

Expert: Japan's means to stabilize the exchange rate of the yen are limited

Kazuo Ueda, governor of the Bank of Japan, said on the 26th that if the continued depreciation of the yen had a non-negligible impact on rising prices, it would be used as an important reference for adjusting financial policy. In this regard, Nobuhiko Sakahara believes that Japan's means to stabilize the exchange rate of the yen are relatively limited.

Nobuhiko Sakahara, associate professor at Waseda University School of Business in Japan: the influence of the United States is stronger than that of Japan. It can be said that no measures taken by the Bank of Japan will make much difference.

Sakahara also pointed out that for Japan, which mainly relies on imports of energy, clothing, minerals, food and many other commodities, the depreciation of the yen will further push up prices. If the depreciation of the yen continues, it may have a far-reaching impact on the Japanese economy.

Asahara Nobuhiko Sakahara, associate professor at Waseda University School of Business in Japan: there is a great risk in the short term, which will lead to inflation. In the medium to long term, the market will attract foreign direct investment. More overseas companies may acquire Japanese companies in the future, which will bring fundamental changes to the Japanese economy.

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