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22nd Sep 2022 13:43China+, Daily Monitor

  • Japan has embarked on direct currency intervention in support of the yen for the first time since 1998.
  • The main goal of this intervention is to slow the pace of depreciation, rather than draw a line in the sand.
  • Monetary policy will be kept at its current easy settings, undermining any attempt to defend a level.

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boj core cpi cpi depreciation finance minister government imf interest rate output gap policy rate hike September u.s. yen yield curve

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Keywords for: 23 Sept 2022 China+ Monitor

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