The Bank of Japan kicks off its two-day policy meeting on Tuesday. Attention is focused on whether the central bank will further adjust its ultra-easy monetary policy aimed at stimulating the economy.
The Japanese government has decided to step up measures against highly venomous fire ants by designating them as an invasive alien species that requires urgent action.
In the Tokyo foreign exchange market on the 25th, amidst the view that the government and the Bank of Japan are repeatedly intervening in the market, there is a mix of buying and selling of the yen, and the yen exchange rate is trading between 149 yen to the dollar.
In response to the rapid depreciation of the yen, JETRO (Japan External Trade Organization) investigated the impact on exports by item, and found that nearly half of the exports increased in volume. We can see that the depreciation of the yen has had a positive effect in some areas.
On September 20th, after the consecutive holidays, the Tokyo stock market and the Nikkei Stock Average temporarily rose above 300 yen. A wait-and-see attitude strengthened, and the range of price increases narrowed.
In the New York foreign exchange market on July 11th, the yen was sold due to the observation that large-scale monetary easing would continue for the time being following the big victory of the LDP in the Japanese parliamentary election, and the yen exchange rate was temporarily 1 dollar = 137-yen. The price dropped to the latter half of the dais, and the yen depreciated for the first time in about 24 years.
In the New York Stock Exchange on 24th June, the Dow Jones Industrial Average rose sharply to over $800 due to the increased repurchase movement centered on the stocks that were sold recently.
The shipment volume of strawberries, which is a specialty of Tochigi Prefecture, has reached more than 20,000 tons this season, and is expected to maintain the number one position in Japan for 34 consecutive years.
On the 16th, the New York Stock Exchange swelled with sell orders due to caution against a global economic slowdown due to rapid monetary tightening, and the Dow Jones Industrial Average temporarily plummeted to over $ 900. The closing price has fallen below the $ 30,000 mark for the first time in a year and five months, and the market is becoming more turbulent.
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