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Economic news

The current state of consumption is attracting attention as interest rate hike decisions are made

2024-07-26 18:12:00
The yen has strengthened by 10 yen to the dollar in July, reversing from its historically weak level of 161 yen to the dollar. Behind the pause in the yen's depreciation is the widespread speculation in the market that the Bank of Japan will raise interest rates amid rising import prices. Will the Bank of Japan actually act? Trends in personal consumption are attracting attention as a determining factor. Is current consumption resilient? Or weak? We look into the latest developments on the ground. (Economics reporter Enoshima Airi)

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