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    Der schnelle Rückgang des Yen ist nicht auf Fundamentaldaten zurückzuführen: Japans Finanzchef

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    1. NewLineCinema on

      Japan has the most debt and some of the worst demographics – it is driven by fundamentals.

    2. Acerhand on

      I understand. It is a little odd that the recent slide was aggressive.
      Central banks around the world are forecast to loosen policy and already have started, while Japanese central bank has been tightening even if small amount for a while now.

      Considering the divergence of policy was the main cause for the start of this in 2022, it is definitely odd that its hitting all time lows despite those conditions being more or less reversing for a while already

    3. Kmlevitt on

      It is absolutely driven by „fundamentals“- if you save your money in 10 year government bonds in most any other advanced nation, you get a yield of about 4%.

      Meanwhile, if you save your money in Japanese 10 year government bonds, you get a yield of 1.78%. Which means you lose money doing that, because year over year inflation in Japan is currently running at 3%. The reason this is the case is because Japan manipulates its own government bond market by buying most of them themselves with newly printed money via the BoJ.

      So what do people saving for retirement in Japan do? They buy overseas assets with higher yields. To buy them, they need to sell their yen and buy dollars etc. That pushes down the yen. It’s a rational consequence of the BoJ keeping bond yields below inflation.

    4. tora_0515 on

      Did anyone check if foreigners have been using yen? guess we could put together a working group to look into it.

    5. Working-Crab-2826 on

      How? I’m pretty sure it’s being driven by some very well understood fundamentals.

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