Core Viewpoint - The Japanese government signals a potential intervention in the foreign exchange market to stabilize the yen, which has been experiencing volatility not aligned with economic fundamentals [1][3]. Group 1: Government Actions and Statements - Japanese Finance Minister Shunichi Suzuki warns of decisive action against speculative movements in the yen's exchange rate, indicating that the recent depreciation does not reflect the country's economic fundamentals [1]. - The joint statement with the U.S. Treasury suggests that Japan has received tacit approval from Washington to intervene in the currency market without further consultation if necessary [3]. - The Finance Ministry previously intervened in the market, spending approximately $100 billion to support the yen when it traded around 160 yen per dollar [5]. Group 2: Economic Policies and Budget - The Japanese government is expected to announce an aggressive budget for the upcoming fiscal year, potentially exceeding a record 120 trillion yen (approximately $760 billion), up from an initial budget of 115 trillion yen [6]. - The recent supplementary budget of 18.3 trillion yen is the largest since the easing of pandemic restrictions, aimed at various expenditures including price relief and security enhancements [6]. - Concerns over public finances have led to a rise in the 10-year government bond yield to 2.1%, the highest in 27 years, although the Finance Minister believes this deterioration in fiscal indicators is temporary [6].
刚刚!日本,救市了!
Zhong Guo Ji Jin Bao·2025-12-22 14:18