The exchange rate of the yen against the dollar once fell below 150, hitting a new low since August 1990

　　China News Agency, Tokyo, October 20 (Reporter Zhu Chenxi) As of 5:00 p.m. local time on the 20th, the Japanese yen exchange rate in the Tokyo foreign exchange market continued to maintain a downward trend. The lowest level since August 1990.

　　Regarding the factors causing the depreciation of the yen, the Japan Broadcasting Association TV reported on the same day that in order to curb inflation, the United States is committed to raising interest rates, while Japan continues to implement an ultra-loose monetary policy.

Investors expected the spread between Japan and the United States to continue to widen, and they sold the yen to buy the dollar.

　　According to the “Yomiuri Shimbun” report, on September 22, when the yen weakened to 145 yen per dollar, the Japanese government and the central bank announced to intervene in the foreign exchange market by buying yen and selling dollars. The Japanese Ministry of Finance spent About 2.84 trillion yen to curb the depreciation of the yen.

According to the Asahi Shimbun, this is the first time since June 17, 1998 that the Japanese government has intervened in the exchange rate by selling dollars and buying yen.

　　According to reports, shortly after Japan intervened in the exchange rate, the yen once returned to between 140 and 140.5 yen per dollar, but fell by about 10 yen in less than a month.

Markets are increasingly wary that Japan will intervene in the exchange rate again.

　　According to the "Sankei Shimbun" report, Akio Mimura, chairman of the Japan Chamber of Commerce and Industry, said at a press conference on the 20th that all circles are forming a consensus that a sharp depreciation of the yen is not desirable.

Now is the time to immediately test, analyze the effects of ultra-easy monetary policy, and consider future strategies.

　　According to the trade statistics released by the Ministry of Finance of Japan on the 20th, due to the high price of imported energy and the sharp depreciation of the yen, Japan's trade deficit in the first half of fiscal year 2022 (April to September) reached 11.01 trillion yen, a record high since comparable statistics. A new high for the same period.

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