Reported 4 months ago
Japanese policymakers are increasingly focusing on structural economic factors driving the yen's continual decline, recognizing the limitations of market intervention. Data indicates Japan spent around 9 trillion yen in April-May to mitigate the yen's slide, prompting officials to explore reasons beyond the U.S.-Japan interest rate gap, like Japan's fading global competitiveness. The Ministry of Finance has initiated a panel to delve into these issues, emphasizing the need for structural reforms to address Japan's economic fundamentals and boost domestic growth. This shift highlights the importance of addressing longstanding issues to address the yen's weakness in the long term.
Source: YAHOO