-
Japan ex-currency tsar sees structural factors behind yen weakness
A former top Japanese financial official said on Wednesday yen weakness might be caused not only by interest rate differentials between Japan and the United States but also by structural factors such as a worsening fiscal position. Under such circumstances, any currency intervention by authorities would not help turn around the market tide to sustain impacts, although smoothing operations may be acceptable, a former vice finance minister for international affairs, Rintaro Tamaki, told Reuters."Confidence in Japan's public finances, falling competitiveness, ageing population and dwindling labour force may be ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 15, 2023 8:23am Nov 15, 2023 8:23am
- Guest
- | IP XX.XX.235.232
- Comment #2
- Quote
- Nov 15, 2023 8:41am Nov 15, 2023 8:41am
- smallcapsule
- | Joined Feb 2019 | Status: Member | 98 Comments
- Comment #3
- Quote
- Nov 15, 2023 12:32pm Nov 15, 2023 12:32pm
- atillaken
- Joined Sep 2018 | Status: Member | 286 Comments