There is no way to stop the decline of the Japanese currency. The yen has recently fallen significantly against the dollar. In such a situation, the country’s policy makers are focusing on the structural issues of the economy. Because there are still some limitations in preventing currency collapse. Japan spent about 9 trillion yen to slow the currency’s decline from April to early May this year, data released on Friday (May 31) showed. The Japanese currency fell to around 160 yen against the dollar, a 34-year low. China wants to work with Arab countries to solve the problem Incredible promotion of bodyguard who saved Putin from a bear The decline in the currency is mainly attributed to the large difference in interest rates between the US and Japan. But the continued decline is forcing policymakers to focus on other fundamental issues. The finance ministry formed a panel of 20 academics and economists this year to look into the reasons behind the structural problems, led by Japan’s top monetary diplomat Masato Kanda. In four meetings since March, the panel has discussed measures to strengthen Japan’s global competitiveness and divert profits earned abroad to boost domestic growth. The Japanese themselves are no longer investing in Japan, and profits earned abroad are being reinvested overseas instead of being repatriated, a senior government official said. On the condition of anonymity, the official said that structural reforms are needed to solve the problem.
Visits: 1
