NATIONAL NEWS
The yen is now around 142 to the dollar, a sharp contrast to its more than 30-year low of 151 which it hit in late October of this year.
While a welcome relief for many industries, especially importers, the sharp strengthening is leading many exporters to question whether they need to revamp their recent earnings projections.
The change is attributed to an expectation that the central banks of Japan, Europe and the U.S. will soon move towards similar monetary policy, in contrast to recent years during which the Bank of Japan has stood out for aggressive quantitative easing.
The Bank of Japan’s December Tankan (Short-Term Economic Survey of Enterprises in Japan) voiced support for monetary policy normalisation.
A Nikkei QUICK survey showed that over 90% of economists anticipate a Bank of Japan policy shift in 2024.
Source:
Nikkei Asia – 18 December 2023
Real Estate Listings
Invest in Life… Powderlife
Accommodation Inspiration
This is the Life… Powderlife
Subscribe
Sign up to receive Powderlife and Summerlife Digital Magazines as they are published and select other topics that interests you.