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Japan says it will respond appropriately to disorderly yen movements

26 Comments

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26 Comments
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Instead of using terms like “excessive fluctuations” and “speculative”, why don’t they just say “wrong direction” and “one-way street”?

6 ( +9 / -3 )

Japan says it will respond appropriately...

Wouhou, so fast? BTW it's started last year.

5 ( +10 / -5 )

the headline is hilarious. they waited until today (2024-05-07) to "respond appropriately to disorderly yen movements"

-2 ( +11 / -13 )

When you can get more return on your money ,by investing in your money in American bank ,that a no brainer

-2 ( +9 / -11 )

They may not need to intervene if (when?) Trump wins in November.

-14 ( +3 / -17 )

"We will respond appropriately to excessive fluctuations that deviate from fundamentals."

The only people "deviating" from the fundamentals are the people at the bank of Japan, and the insane QE they did for years, which doesn't allow them to raise interest rates like the rest of the world, because even rising it a little bit would mean a lot of money they would have to pay in interests, which makes the yen not as a good of an asset to hold when compared with other currencies with current exchange rates, which explains completely why the yen's value is falling as a rock.

It's economy 101, but they now want to claim that this is the fault of "speculators and others". Don't make me laugh.

8 ( +11 / -3 )

Would love to see the US slap interest or tariffs on Japan like it would China for market manipulation.

-5 ( +6 / -11 )

Would love to see the US slap interest or tariffs on Japan like it would China for market manipulation.

The USA labeled China a "currency manipulator" for artificially depreciating the Yuan to gain an unfair trade advantage, the opposite of what Japan is ostensibly trying to do.

9 ( +13 / -4 )

It was all so much simpler in the old days before Tricky Dicky Nixon got rid of the gold standard. It wasn't perfect, but it was much more stable than now. Now they just print money when it's needed and people look surprised when inflation pushes prices out the roof. Two friends just came back from the U.K. and told me that they paid, for two icecreams on Brighton Beach, the same money that would have been a week's salary when I lived in England.

3 ( +5 / -2 )

Would love to see the US slap interest or tariffs on Japan like it would China for market manipulation.

Would love to see Japan sell all of their US treasuries in one go, then never buy any US debt again.

4 ( +6 / -2 )

They are basically admitting currency manipulation. Just say it straight up without all beating around the bush.

4 ( +6 / -2 )

They are basically admitting currency manipulation.

While true in the most generic sense, the term "currency manipulation" is usually used carrying a negative connotation when a country artificially devalues its currency. Which is exactly the opposite of what Japan is trying to do.

1 ( +2 / -1 )

i guess it depends on your definition of “disorderly.”

4 ( +4 / -0 )

US companies that rely heavily on exports can’t be happy about the extreme weakness of other nations’ currencies vis a vis the $US. As more and more jobs are lost in the heartland due to the damage a strong $US is doing, we’ll see blowback.

-1 ( +0 / -1 )

Foreign Exchange is the largest financial market in the world with daily transactions worth trillion of dollars. Other Central Banks in the past tried to "correct" currency rate movements but every attempt lead to nothing but losing billion of dollars ... with respect to stock exchanges the Forex market is just too big even for institutional players, nobody can really bias the rates of major currencies.

If they really tried to do that it would have been much better to use that money to improve economic fundamentals, that in turn would really improve the situation.

3 ( +3 / -0 )

oyatoiToday 12:27 am JST

US companies that rely heavily on exports can’t be happy about the extreme weakness of other nations’ currencies vis a vis the $US. As more and more jobs are lost in the heartland due to the damage a strong $US is doing, we’ll see blowback.

The US doesn't rely too much on physical exports for economic growth.

0 ( +1 / -1 )

ChabbawangaMay 7 09:50 pm JST

Would love to see the US slap interest or tariffs on Japan like it would China for market manipulation.

Would love to see Japan sell all of their US treasuries in one go, then never buy any US debt again.

Please do so. US treasury curve is negative so could use something to move it up a bit.

3 ( +3 / -0 )

They are basically admitting currency manipulation. Just say it straight up without all beating around the bush.

Yes, Pathetic

-2 ( +4 / -6 )

And Japan will do it..

GO JAPAN!!..

-4 ( +0 / -4 )

Glad my son was able to buy some yen for my Yakitori, Kirin/Sapporo, and Enka/Gunks songs. It was hovering around 160.

-1 ( +0 / -1 )

The US doesn't rely too much on physical exports for economic growth.

Japan too is far less dependent on exports than what many mistakenly assume to be the case. But such is the sensitivity of politicians to threatened job losses as a result of declining export competitiveness, that before long we are likely to notice ructions in the US camp. Undoubtedly, Japan is playing the long game; for the moment benefiting handsomely from soaring tourism and enhanced export competitiveness that will eventually result in currency appreciation.

0 ( +0 / -0 )

The current yen situation is hurting the general population of japan and it's completely unfair.

There has to be a better way for Kishida to meet his objectives than taking advantage of everyone who lives in japan

They need to raise the yen a little bit more

Many people desire to move away from Japan as it's not as pleasant as it used to be

It's a shame !

0 ( +2 / -2 )

The US doesn't rely too much on physical exports for economic growth.

This statement is false

The USA weapons sales are exports

Where do ya think all those chip / wafers and semiconductors come from

The USA is constantly taking advantage of other countries to get ahead , whether it's the almighty USA dollar or stirring up conflicts to provide military assistance

USA still gets ore from Russia and farming minerals

-1 ( +1 / -2 )

So how much is the fair rate for yen ? 100 ? 200 ? Let's leave to the market. Then the market gives it a rate. Noo it's not like that they say, it's not fair. So much is the fair rate for yen ?

0 ( +0 / -0 )

I am holding my breath for the forceful responses to curb falling yen.....

0 ( +0 / -0 )

Yen should go back to levels below 150

0 ( +0 / -0 )

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