Opposition party leader Tamaki says Trump policies may weaken yen

The poor thing is already weak beyong repair. What next? JPY200?

Poor governing is Japan is the issue

*Any increase in prices in Japan resulting from higher import costs could *squeeze households in Japan

So we should expect inflation-adjusted real wages to continue to fall like they have done for 28 of the last 30 months!???

I am tired of the science-denying apologists constantly telling us how good the Japanese economy is! Prices continually exceeding income is never good!

Lower the sales tax. Lower the salary and perks of politicians correspondingly and there will be no increase in strain on the Japanese public.

@Sam Watters spot on !!

Why don't we compare the value of the yen from 2017-2021 to the value of the yen now. The JPY/USD went up 3.68% in 2017, Trump's first year as president. Up 2,86% in 2018. Up 0.91% in 2019. And finally in 2020 it was up 5.31%, the final year of Trump's first term. A stronger yen all four years. So, on what basis does this Tamaki guy make such remarks? During the Biden years, we were down 10.31% in 2021. Down 12.04% in 2022. Down 7.29% in 2023, and in the last year of the Biden term, it's down 7.95% for 2024. Weak president, weak yen.

Tamaki has a bad case of T D S.

It's always just "sit, wait, and pray" for politics in Japan. They are not talking about things they can do to ease the burden, only about what might happen if Trump doesn't break his promise to impose tariffs, like they are powerless here to do anything.

""U.S. President-elect Donald Trump's economic and policies could further weaken the yen's value against the U.S. dollar, the head of an opposition party that Japanese Prime Minister Shigeru Ishiba needs to stay in power said on Friday.""

Which has been good for Japan, exporters are laughing all the way to the banks, stock's up, the only thing that needs to be done is to get the GREEDY Japan Corp. to Raise Wages.

So Now Trump will be blamed for every FAILURE in Japan!! they just never accept responsibility

On Trump's election result, the dollar-yen hit ¥154.3

"The potential increase in tariffs or tax cuts could lead to inflation (in the U.S.) and therefore higher interest rates," Yuichiro Tamaki, leader of the Democratic Party for the People (DPP) said at a press conference on Friday.

Well, the FOMC said previously that tariffs were a once-off, basically saying they aren’t meeting their criteria for inflation, which is also known as a general increase in prices that persists.

And tax cuts last time around didn’t lead to inflation, either. Indeed inflation was sub-2% on average during the first Trump term.

More oil production in time will also help flatten inflation.

What policies are actually enacted second term remain to be seen, but the dollar didn’t actually strengthen much against the yen during his first term.

This Tamaki guy seems like a clown to me. Tax cuts here are going to blow a bigger hole in Japans budget, and that’s more likely to slam the yen lower than Trumps policies for the US, in my judgement.

Why don't we compare the value of the yen from 2017-2021 to the value of the yen now. The JPY/USD went up 3.68% in 2017, Trump's first year as president. Up 2,86% in 2018. Up 0.91% in 2019. And finally in 2020 it was up 5.31%, the final year of Trump's first term. A stronger yen all four years. So, on what basis does this Tamaki guy make such remarks? During the Biden years, we were down 10.31% in 2021. Down 12.04% in 2022. Down 7.29% in 2023, and in the last year of the Biden term, it's down 7.95% for 2024. Weak president, weak yen.

Wow, it's almost like there were some other factors contributing to the value of the yen at that time. I cannot even comprehend the stupidity of your comment. Should the US president be more concerned with the value of the yen or the dollar?? Are you really saying that Biden should have taken responsibility for the value of the yen?? Strong president, strong dollar I think you will find. Ah, wait yes, Biden should have taken responsibility for the whole world and cast a magic spell to make covid never happen. It was weak president chump who decided against taking steps to protect the US against covid because it was all fake and would blow over. Please don't post again, it is embarrassing.

I tend to think Tamaki is correct. If Trump pushes through the tariffs he has promised it will lead to higher inflation and the FRB will likely raise interest rates to address it. Which means again a string USD and weak JYen. But really can't tell until Trump gets into office Jan 20 2025.

Doesn't need Trump to do that, BOJ is doing a fine job keeping it weak.

"Domestic policies should be conducted for domestic objectives," he said.

But when Trump proposes things only good for the US economy, he's labelled "isolationist, or Nationalist" or some other term intended to be negative. Why he double standard?

For once I want to hear a Japanese politician taking the blame for the weakening economy and collapse of the Yen. Instead nobody is taking responsabikity and blaming whomever. Usually the gaijin US President, or the gaijins responsible for Covid, Global Warming, world economy, UN, etc, etc.

This Tamaki's 3rd opposition party, one of insistences of them with eugenic thought is "euthanasia" against social vulnerable on the pretext of reducing social security cost.

It's nothing but totalitarianism, especially at Japanese society where social peer pressure is too strong.

The poor thing is already weak beyong repair. What next? JPY200?

That is about what it is worth. Japanese business is lost, consumer confidence is at an all-time low and the Japanese people acquiesce toward their government's failed policies.

So this fool Tamaki, who had a handful of members in his party now gets to dictate what goes on in the country, and all his proclamations are taken as gospel.

As others have said, it is failed politicians like him who are the cause of this poor economy and weak yen. Of course he knows that Japan's debt is so huge it will never be repaid, but still he cries for the consumption tax and income tax to be cut, but even more money for pensions and low income people. And Ishiba is going to listen to him and do what he has said, just pushing the economy further into a dark hole!

Tamaki says Trump policies may weaken yen

Soooooooooo, NOT the LDP, NOT the BOJ and NOT every stingy CEO?

I see..............

 If Trump pushes through the tariffs he has promised it will lead to higher inflation and the FRB will likely raise interest rates to address it. 

How far he goes with tariffs remains to be seen, but do not lose sight of the reality that tariffs aren’t the only economic policy in his quiver. Whether the holistic policy mix be inflationary or not is what will play out, not theoretical assessments of what one policy lever might produce in isolation.

Furthermore, Japan imposes higher tariffs than the US, but it hasn’t produced much inflation and higher interest rates, has it.

Why would the FOMC think that raising interest rates would help to lower inflation if it had risen because of new tariffs?

Tariffs are paid by the US importers, not the exporting country. The US importers will either eat the additional cost, or more likely pass it on to the consumer by raising prices.

The FMOC wouldn't care if the cause of inflation is the new tariffs. Raising interest rates as a response to inflation is a standard response by central banks to reduce spending (both commercial and consumer), encourage savings and investment through higher interest rates, reducing demand and establishing proce stability.

"Japan applies higher tariffs tha than the US" is a questionable statement. According to the WTO the average applied tariff rate for Japan is 2.5% whereas the U.S. is 4.3%. Japan has much higher tariffs on agricultural products but the US has higher tariffs on industrial goods. For example Japan has has zero tariffs on US automobiles. The US tariff on imported light trucks is 25%.