Smirking Bank of Japan?!

7/17Kono, the Digital Minister, stated that the Bank of Japan should raise interest rates to correct the yen depreciation, and the USD/JPY exchange rate plunged to the low 155 yen range on the 18th. With expectations of U.S. rate cuts, Japan’s long-term interest rates have also begun to decline.(Hereafter, the BoJ)will need to raise rates, and7/18to155yen range in the early part of the day,7/30-31faced with the BoJ’s monetary policy decision meeting, and speculated on the BoJ’s policy stance and the future trajectory of the USD/JPY exchange rate.