Japanese Prime Minister Shigeru Ihiba said Wednesday that cash delivery is the fastest and most effective way to help low -income homes to meet high prices.
Outstanding statements
Cash delivery is the fastest and most effective way to help low -income households to deal with high prices.
The G7 needs to show solidarity to address the problems of the world.
He said at the G7 leaders summit that we can never tolerate Iran’s development of nuclear weapons.
Confirmed the cooperation of the G7 against the development of nuclear missiles of North Korea and cryptocurrency hacking.
According to the US president Trump to continue tariff conversations at the ministerial level.
Will continue to work intensely to achieve a commercial agreement with the USA.
According to the president of South Korea, Lee, to work together in stable bilateral relations.
According to the president of South Korea, Lee, to promote greater cooperation on North Korea.
He will attend the NATO summit in the Netherlands next week.
A tariff agreement has not been reached as a package with us.
Some discrepancies remain with us about tariff conversations.
Looking for a commercial agreement that benefits both countries while defending Japan’s national interest.
Japan and the US sought advances in commercial agreements until the last minute.
Market reaction
At the time of writing, the USD/JPY torque is quoting 0.01% down in the day, to operate in 145.23.
And in Japanese faqs
The Japanese Yen (JPY) is one of the most negotiated currencies in the world. Its value is determined in general by the march of the Japanese economy, but more specifically by the policy of the Bank of Japan, the differential between the yields of the Japanese and American bonds or the feeling of risk among the operators, among other factors.
One of the mandates of the Bank of Japan is the currency control, so its movements are key to the YEN. The BOJ has intervened directly in the currency markets sometimes, generally to lower the value of YEN, although it abstains often due to the political concerns of its main commercial partners. The current ultralaxy monetary policy of the BOJ, based on mass stimuli to the economy, has caused the depreciation of the Yen in front of its main monetary peers. This process has been more recently exacerbated due to a growing divergence of policies between the Bank of Japan and other main central banks, which have chosen to abruptly increase interest rates to fight against inflation levels of decades.
The position of the Bank of Japan to maintain an ultralaxa monetary policy has caused an increase in political divergence with other central banks, particularly with the US Federal Reserve. This favors the expansion of the differential between the American and Japanese bonds to 10 years, which favors the dollar against Yen.
The Japanese Yen is usually considered a safe shelter investment. This means that in times of tension in markets, investors are more likely to put their money in the Japanese currency due to their supposed reliability and stability. In turbulent times, the Yen is likely to be revalued in front of other currencies in which it is considered more risky to invest.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
