Which is the real feeling? Is it better for the dollar to be strong or weak? [Ko Morikawa]

Mori Akira's Profile

Economist. Affiliated with a think tank (United States). Specializes in exchange rate policy, monetary policy, macroeconomic policy, and financial regulation. Interacts with market participants, financial authorities, and policy makers to analyze exchange rate movements from multiple perspectives.

※This article is a reprint and revised edition of an article from FX攻略.com, June 2018 issue. Please note that the market information described here may differ from the current market.

This manuscript was slated to be published in a magazine just before Golden Week. In the United States, when you tell people that Japan has a one-week Golden Week, they ask what you do during that week. If you explain that it is a holiday, they respond with “Nice.” Then they naturally assume that there is a summer vacation of two or three weeks, and they always struggle with how to answer. It is best not to say anything to avoid explaining something, but if you remain silent and say nothing, people will accuse you of lacking communication.

Similarly, when policy officials speak, they are always asked to give a clear explanation. In such moments, there are times when one might wish for others to just understand without an explanation.