<\/p>\n
Japan’s Economy Minister Ryosei Akazawa\u00a0said on\u00a0Monday that he expects the Japanese economy to continue making a modest recovery.\u00a0\u00a0<\/p>\n
\nExpect the economy to continue making modest recovery.<\/p>\n
Need to be mindful of overseas economic downside risks, including China and the impact of US policy.\u00a0<\/p>\n
Need to be mindful that rising prices of food and other daily products may dampen consumer sentiment and slow consumption.\u00a0<\/p>\n
The government will implement thorough measures to counter rising prices.\u00a0\u00a0<\/p>\n<\/blockquote>\n
Market reaction\u00a0\u00a0\u00a0<\/h2>\n
At the press time,\u00a0the\u00a0USD\/JPY\u00a0pair is down 0.36% on the day to trade at 151.77.\u00a0<\/p>\n
\n\n\nJapanese Yen FAQs<\/h2>\n
\n\n The Japanese Yen (JPY) is one of the world\u2019s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan\u2019s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.<\/p>\n<\/section>\n
\n One of the Bank of Japan\u2019s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.<\/p>\n<\/section>\n
\n Over the last decade, the BoJ\u2019s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.<\/p>\n<\/section>\n
\n The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen\u2019s value against other currencies seen as more risky to invest in.<\/p>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Japan’s Economy Minister Ryosei Akazawa\u00a0said on\u00a0Monday that he expects the Japanese economy to continue making a modest recovery.\u00a0\u00a0 Key quotes Expect the economy to continue making modest recovery. Need to be mindful of overseas economic downside risks, including China and the impact of US policy.\u00a0 Need to be mindful that rising prices of food and […]<\/p>\n","protected":false},"author":2,"featured_media":369655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,1062,250,333,252,247,253,249,256,254],"class_list":["post-369653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-japan","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=369653"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369653\/revisions"}],"predecessor-version":[{"id":369657,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369653\/revisions\/369657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/369655"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=369653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=369653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=369653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}