The US Treasury has released a report analyzing each country's monetary policy, stating that Japan's depreciation of the yen should be limited to very exceptional situations with appropriate prior consultation. I continued to control the currency.
On the 10th, the US Treasury submitted a report to Congress analyzing the economic and monetary policies of trading partners and released the contents.
In this, we continued to specify 12 countries and regions such as China, Japan, and South Korea as targets of the "monitoring list" that checks whether currency manipulations that intentionally induce currencies are being performed.
Of these, we analyzed that the "real effective exchange rate", which indicates the overall strength of the yen as a currency, fell by 10% last year and is now close to the lowest level in 50 years.
He continues to restrain himself, saying that "Japan is transparent about foreign exchange policy" and that "foreign exchange intervention should be limited to very exceptional situations with appropriate prior consultation."
As the yen depreciates rapidly in the foreign exchange market, Japanese Ministry of Finance, the Financial Services Agency, and executives of the Bank of Japan held an extraordinary meeting on the 10th to share the recognition that they are concerned about the rapid depreciation of the yen. rice field.