Is the yen's depreciation the Bank of Japan's fault?!
6/26The USD/JPY exchange rate1986has risentothe upper 160s for the first time in38yearssince1986.6/27Japan's long-term interest rate, with the Bank of Japan(the BOJ)potentially moving to raise rates to avert a weaker yen,1.07%upward to around the 1.0 region.The BOJ's potential rate hike, and the question of whether to curb the yen's weakness or to support the economy, were all left to the government and the Ministry of Finance.
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