The 2nd Session: Will the Dollar-Up Trend Continue? (Points to Note About Trump’s Policies)
Today is, at last, New Year’s Eve, isn't it? I know you’re busy, but I would be grateful if you could also take a look at Yukimama’s column. Now, the2nd theme is, of course, the dollar and Trump. It’s reached a level where no explanation is needed—the Trump wave swept through the latter part of this year.

And now, what will happen next year2017? That’s what people are wondering, and various institutions’ forecast rates are nearly all in. Domestic securities firms expect around1 dollar =115 yen, with at most around1 dollar =120 yen by year-end, but looking abroad, Goldman Sachs and Morgan Stanley are125 yen,BNPParibas is128 yen, and there are notably more bullish forecasts.
Including what this might mean, we will examine the sustainability of dollar strength and risk scenarios in Trump’s policies.
■Absolute expectations and trust in President Trump
In other words, these are views of Trump that differ between domestic and overseas participants,…