Reported 12 months ago
The Japanese Yen has been hitting new lows, prompting questions about whether it's a good time to buy. Cathay Financial Holdings CEO Lee Chang-keng mentioned that the current price is favorable for those interested in investing in Japan or traveling there. The direction of the yen is influenced by Japan's economic structure, monetary policy, and factors like the aging population, investment trends of Japanese companies, and wage increases. Economic growth in Japan has been driven by tourism, but there is still room for improvement in areas such as domestic company wage increases. The CEO emphasized that exchange rates are relative and can be impacted by factors like US Federal Reserve interest rate decisions and the strength of the US economy.
Source: YAHOO