Japanese Finance Minister Satsuki Katayama expressed concern about the yen's recent depreciation on Friday, saying the government is ready to take "decisive action" to stem the currency's continued fall.
https://mainichi.jp/english/articles/20260116/p2g/00m/0bu/023000c
19 Comments
Already, get it moving. It’s been going down for some time now. Instead of talking about it, tell us exactly what you are going to do. Is this just another bluff to gather more votes in the upcoming election? Are people going to believe that she’ll do something?
They already did. It’s called a Shin-Nisa.
They’re gonna decide to talk about it later.
Weak yen is good for government coffers.
How? Burn through your forex reserves? Or do the hard thing and stimulate productivity growth/revitalize exports?
She looks like she runs a bento shop.
Probably going to blame the foreigner
“the yen’s recent depreciation”
Making it sound like they only just noticed it happening lmao
“The wait and watch strategy” seems failing time and again
Decisive action: Decide on a meeting time where gums get flapped, and nothing gets decided on.
Just waiting for her to say “if yen is depreciating, why don’t people just buy stocks?”. This can be the modern version of “if they don’t have bread, let them eat cake”.
It is the these people own lot of stocks and just don’t care about those who can’t?
After the talk, yen keeps falling again.
Isn’t this usually the purview of Japan Central Bank? They have the levers that control this machine. I mean the sad reality is there isn’t really anything they can do. The only thing that can be done that will have lasting effects is raise interest rates but they’re scared to do that because growth is so bad. I feel like they’ve been hoping a world recession happens so that other countries lower their rates again.
let’s hope they form a comity.
Lmao Japan has always dreamed of being European.
The bureaucracy acts just like Europe now.
I’m not sure “decisive” is in their vocabulary.
No. They are going to make a plan to plan how they can deal with it later.
Surely they can blame this on 外人?
Delulu, the exchange rate is absolutely driven by fundamentals (high debt, expansionary fiscal policy coupled with high inflation and negative real interest rates)
Not sure if she or Trump is the biggest clown this year