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Interventions, Trump remarks give falling yen reprieve, not reversal

26 Comments
By Noriyuki Suzuki

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26 Comments
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the outlook is 170/1 by end of 2024 not 150/1. Japanese economy is as weak as it’s ever been and as the US election comes to an end the U.S. dollar will strengthen. Japan is only wasting money now to bring the yen down as summer holidays are in full swing and Japanese overseas travel shows the government total mishandling of the overall issue of the economy. People feel it locally but when you travel then it’s a serious hit you in the face how bad it really is. Until wages increase to 1st world levels, it will only continue to get worse. When you live in a 2 year old market expect 20 years ago rates.

-7 ( +14 / -21 )

The slow fall into the abyss hasn’t been alleviated…

-5 ( +10 / -15 )

Trump's remarks on concerns over a strong dollar

Trump's remarks could quickly change, or he could once again say "I never said that". Given how little he's shown he knows about economics and business, I wonder which of his fellow elite establishment puppet masters, perhaps one of his billionaire big tech corporatists, perhaps one of his billionaire global oil/gas barons gave him the idea, and wonder when which of them will later pay him enough money to have him say something different. After all he's for sale to the highest bidder. Shaky world when global finances can be influenced by someone as flaky as Trump.

-4 ( +10 / -14 )

Analysts say the yen could rebound toward 150 by the end of 2024 after breaching 160 against the U.S. dollar in late June,

Same analysts said it was going to be 200 to the dollar just a couple of months ago too.

Time to name these analysts openly. At least the arm chair quarterbacks here who have made the same predictions have a "name" we can use to comment on!

7 ( +13 / -6 )

It’s currently at 153. I would buy dollars now, but what if the dollar free falls like it did at the end of last year? I’ll just wait and see if the yen strengthens to the 130 range like it did very quickly in 2022. Betting on FX markets really is a fool’s errand, as even the most mundane comments can tilt the scale one way or the other.

5 ( +9 / -4 )

The very notion that anything Trump says is of any analytical value is laughable. While his policies if elected can have an impact, what he says now means nothing.

-1 ( +11 / -12 )

Very well written article JT. Hope the author gets one of those dreamy raises.

2 ( +6 / -4 )

Thanks President Trump!

-6 ( +10 / -16 )

It's ok, you can take the maxipad off of your ear now.

Blacklabel

Thanks President Trump!

-1 ( +5 / -6 )

Japanese economy is as weak as it’s ever been

Wages are going up, real estate in an increasing number of places now is going up, there are cranes everywhere, it's hard to get a plumber or a carpenter, you have to wait over a year to get a new Jiminy or Land Cruiser, something something inbound tourism, but the economy is as bad its ever been.

Some murmurs of a "top" now being in for the dollar from market watchers, but I wouldn't bet on it. My guess, is that the clearly decreasing enthusiasm by the West to support the war in Ukraine will lead to some kind of ceasefire, and I would expect that to be yen positive.

1 ( +5 / -4 )

Trump worth is a fraud, when total up all his assets,the state of NY say Trump worth is fraud do fraudulent accountants

-3 ( +4 / -7 )

kohakuebisuToday  09:50 am JST

Japanese economy is as weak as it’s ever been

Wages are going up, real estate in an increasing number of places now is going up, there are cranes everywhere, it's hard to get a plumber or a carpenter, you have to wait over a year to get a new Jiminy or Land Cruiser, something something inbound tourism, but the economy is as bad its ever been.

Consumption, which accounts for 70% of GDP, has been declining for several months. The government's growth forecast (always an overestimate of course) for this year is 0.8%, while the Bank of Japan's forecast is 0.5%. I would not call this a strong economy.

1 ( +4 / -3 )

trump is irrelevant

-2 ( +6 / -8 )

Trump's remarks could quickly change, or he could once again say "I never said that". Given how little he's shown he knows about economics and business, I wonder which of his fellow elite establishment puppet masters, perhaps one of his billionaire big tech corporatists, perhaps one of his billionaire global oil/gas barons gave him the idea, and wonder when which of them will later pay him enough money to have him say something different. After all he's for sale to the highest bidder. Shaky world when global finances can be influenced by someone as flaky as Trump.

Not to mention his mental decline because of his old age!

-2 ( +5 / -7 )

I would not call this a strong economy.

Yes, lots of indicators are bad, others too like couple formation. However, the economy's not "as weak as its ever been". Let's keep that expression is reserve for when noone is building houses, buying new cars, giving graduates 10 job offers, or queuing outside the 3000 yen a head eel restaurant. Or when personal debt is up the wazoo like it is in countries I won't mention. Remember, countries with their own currency have money printers for their debts, private individuals do not.

Anyway, the yen has broken the May low and just bounced off 152.6.

3 ( +4 / -1 )

Ramsey's KitchenToday  08:58 am JST

For years and decades the economic" experts" have been telling us the mantra of Japanese consumers were not spending due to the deflation. The nonsense about " sluggish consumption due to expectations of prices falling further" was the standard mantra in media. Now it's apparently the opposite. The experts have next to no credibility when it comes to their forecasts. The old gem about putting 10 economists in the room and getting 10 different conflicting answers holds true.

I have come to the same conclusion. I remember when small contractors were complaining the big exporters like Toyota et all were complaing they were being squeeeeeeezed because the exporters profits weren't very good to the strength of the yen, when a dollar only got 105 yen ish. and how terrible this is and its hurting the exporters and the knock on effects. Consumers were being sqeezed because they weren't getting pay raises, or bigger bonuses from the very same companies that were being squeezed. I see the word consumer, but i must remember they are workers, employers who or are impacted just as equally as an importer.

When it flips, the exporters will be complaining they don't get as much, and the workers will say they didn't get that pay rise or bonuses were cut. It just seems its a see saw. But what ever the news, the news will always go negative.

5 ( +5 / -0 )

...for the sake of the world.

I will not go that far, it is just the USA credibility and influence at stakes.

-2 ( +2 / -4 )

78? That's one old git.

1 ( +4 / -3 )

I don't think Kamala Harris understands economics at all, and all she can do when she can't even debate properly is make us laugh.

Trump would be a better choice for the American economy and for Japan.

The outcome of this election is already clear.

Given that the Japanese yen started at around 360 yen to the dollar, it can be said that its inflation rate is not as high as in the United States and its economy is stable compared to other countries.

What Japan needs to do is demand that companies raise wages and improve working conditions.

-3 ( +1 / -4 )

Agent, Trump cannot run his corrupt business

1 ( +4 / -3 )

Japanese should think about dumping,lots of US securities,bank are taking haircuts, because they bought bonds at 0 percent and no want to buy them Google Bank Selling Securities At A Loss

-2 ( +0 / -2 )

Reading the ‘news’

gives a subjective impression to the reader.

Those living in Japan and actually getting yen payments, low or even zero bonuses due to rising costs know the stark reality firsthand…

-1 ( +0 / -1 )

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