Daiwa Securities CFO says unusual coordinated Japan-US intervention won't quickly resolve structural yen weakness

MacroDigital Finance
โดย Reuters·Read original
Summary · why it matters

Daiwa Securities Group Chief Financial Officer Kotaro Yoshida said the coordinated Japan-US currency intervention is an unusual signal showing authorities' clear stance against yen depreciation, but noted that structural yen weakness will not be resolved quickly after the intervention. He added that continued yen weakness will influence the Bank of Japan's policy decisions, and expressed the view that the BOJ will continue raising interest rates.

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