In the foreign exchange market on the 10th, although the yen exchange rate temporarily rose due to the appointment of the successor of Kuroda, the governor of the Bank of Japan, the yen was sold after that, and the London market traded at a level of 131 yen per dollar. It is
Prime Minister Kishida has confirmed his intention to appoint economist Kazuo Ueda, a former deliberative committee member of the Bank of Japan, to succeed Kuroda as Governor of the Bank of Japan.
Triggered by this, the movement to buy yen in the Tokyo foreign exchange market on the 10th increased, and the yen exchange rate temporarily rose to the 129 yen level to the dollar.
Afterwards, however, Ueda told reporters that it was necessary to continue monetary easing under the current circumstances. The price has fallen, and in the London market, it is trading at a level between 1 dollar = 131 yen.
A market insider said, ``The yen temporarily appreciated due to the view that Mr. Ueda's appointment as the governor of the Bank of Japan might lead to a revision of monetary easing, but based on Mr. Ueda's remarks, there is no hurry to revise the policy. The speculation is spreading, and the price is temporarily falling due to a sense of security."