Reported about 1 year ago
As reported by 'Nikkei,' there are no signs of the yen exchange rate strengthening, attributed to individuals investing in foreign currency assets for long-term use, exceeding five trillion yen by May 2024. The new NISA promoting the government's 'savings turned to investment' initiative has become the engine driving the yen, with the dual nature of this policy attracting market attention. Despite interventions to suppress excessive yen appreciation, the government and Bank of Japan remain vigilant against low consumption caused by yen inflation, while the yen's structural changes due to individual overseas investments continue to impact market dynamics.
Source: YAHOO