Societe Generale(US:SCGLY) Xin Lang Cai Jing·2025-12-29 15:00Core Viewpoint - The Japanese yen requires stronger GDP growth in Japan to recover from its current weak levels, as recent interest rate hikes by the Bank of Japan have not supported the yen's value [1][3]. Group 1: Economic Indicators - Despite recent interest rate increases by the Bank of Japan, the yen has continued to decline, indicating that monetary policy alone is insufficient to strengthen the currency [1][3]. - The rise in Japanese government bond yields and growing concerns over national debt have contributed to the yen's weakness [1][3]. Group 2: Currency Performance - The USD/JPY exchange rate fell by 0.3% to 156.04 yen [1][3]. - On November 20, the USD/JPY reached a peak of 157.89 yen, the highest level since mid-January [2][4].