Ehemaliger Gouverneur der Bank of Japan, Haruhiko Kuroda: „Die jüngste Yen-Abwertung ist in jeder Hinsicht übermäßig“; „Rund 130 Yen pro Dollar wären angemessen“ … „Es besteht keine Notwendigkeit, die Staatsausgaben zu erhöhen“

Kuroda has been actively calling yen appreciation very actively, according my own tracker, he has been openly speaking about this level since March. As the core architect of the Abenomics weak yen, and being fairly critical toward BOJ late pause in hike cycle.

At this point, it is kind of obvious that most economists deeply agree that BOJ must hike or at least keep a credible hike expectation, however, Ueda has been sounding very dovish (his style, always overly cautious which in CB communication dovish by default) and 2/3 of the board still hesitant in hike in fear of breaking things, citing „more data is needed“ and Middle Eastern uncertainty. Which eventually making MOF the only one who defends the yen under weaken environment…is 2024 all over again

The more Japan Gov is printing JPY the weaker the Yen will be. This is just a fact . At this moment even money changers in overseas are not interested to keep JPY…. the money changer told me to bring the JPY back to Japan! 🤣