Kotaro Tatsumi’s post: USD/JPY at 154 yen. The main cause is the excessive amount of Japanese government bonds held by the Bank of Japan, preventing necessary actions. Intervention in the exchange rate has its limits, leading to reliance on US interest rates. The excessive side effects of Abenomics’ unprecedented monetary easing have damaged the currency’s value. The result is a depreciated currency and inflation.
Post by Mr. Kitaro Tatsumi: USD/JPY at 154 yen. The main reason is that the Bank of Japan holds too much government bonds, making it unable to take necessary actions. There are limits to exchange rate intervention, so ultimately relying on US interest rates. Abenomics’ unprecedented easing has had a huge negative impact on the currency value. Currency depreciation…