Exploring direction with “inflation expectations” [Economic column]
The depreciation of the yen will not stop. The yen fell to the 140 yen level on September 2, the lowest level in 24 years, and then fell to the 141 yen level on the 6th, and then to the 144 yen level on the 7th. . How far will the depreciation of the yen accelerate at a breakneck speed? In this column, I will consider "inflationary expectations," which are said to move the yen exchange rate. (Economics Department reporter Kei Nakazawa)
Yen exchange rate 1 dollar = yen appreciation to the first half of the 142 yen level At the meeting with the governor of the Bank of Japan and the prime minister
In the Tokyo foreign exchange market on the 9th, some investors said that Bank of Japan Governor Kuroda held a meeting with Prime Minister Kishida and expressed his recognition that the recent depreciation of the yen was a sudden change. In response, the yen was bought back, and the yen appreciated against the dollar to the low 142 yen level to the dollar.
Sales of "new energy vehicles" such as electric vehicles in China hit a record high
In China, the world's largest automobile market, the cumulative sales of vehicles called "new energy vehicles" such as EVs = electric vehicles exceeded 3.8 million units from January to August this year. The number of vehicles is the highest ever, and electrification is accelerating further.
Stock price rise Buy orders prevail in response to rising stock prices in the NY market
The Tokyo stock market on the 9th, the stock price rose.
Hino Motors More than 20,000 vehicles recalled, including trucks with fraudulent data
Hino Motors has notified the government of the recall of more than 20,000 trucks and buses equipped with large engines, for which data fraud was newly revealed last month, because the concentration of exhaust gas may exceed the standard value. rice field.
Yen exchange rate temporarily 1 dollar = mid 142 yen level at the meeting with the governor of the Bank of Japan and the prime minister
In the Tokyo foreign exchange market on the 9th, some investors said that the Bank of Japan Governor Kuroda held a meeting with Prime Minister Kishida and expressed his recognition that the recent depreciation of the yen was a sudden change. In response, the yen was bought back, and the yen appreciated against the dollar at one point to the mid-142 yen level to the dollar.
Bank of Japan Governor Kuroda Meets with Prime Minister Kishida “The recent depreciation of the yen has changed rapidly”
Bank of Japan Governor Kuroda visited the Prime Minister's official residence and met with Prime Minister Kishida on the 9th, amid the accelerating depreciation of the yen in the foreign exchange market. After the meeting, Governor Kuroda said, ``I think it's a drastic change if it fluctuates by 2 or 3 yen a day,'' indicating that the recent depreciation of the yen represents a drastic change.
New Economic Partnership Framework IPEF Ministerial Meeting Ends First Day of Discussions
A new economic partnership framework advocated by the United States, the IPEF (Indo-Pacific Economic Framework) ministerial-level meeting was held in Los Angeles, and the first day of discussions just ended.
Yen exchange rate 1 dollar = trending in the upper 143 yen range Tokyo foreign exchange market
Amid the rapid depreciation of the yen, the Tokyo foreign exchange market was trading in the upper 143 yen range to the US dollar on the morning of the 9th.
Yen exchange rate New York foreign exchange market trading at a level between 144 yen
On the 8th, the New York foreign exchange market became a mix of buying and selling of the yen, and the yen exchange rate was trading at a level of 144 yen to the dollar.
New Economic Partnership IPEF Ministerial Meeting Begins in Los Angeles
A new economic partnership framework advocated by the United States, the IPEF (Indo-Pacific Economic Framework) ministerial-level meeting began in Los Angeles. With China expanding its influence in mind, the focus is on whether it can declare the start of negotiations on issues facing the global economy, such as the transition to decarbonization.
European Central Bank's first 0.75% sharp interest rate hike Prioritizes inflation control
The European Central Bank held a meeting to decide monetary policy and decided to raise the interest rate by 0.75% for the first time in order to curb the rapid inflation. By raising interest rates three times higher than usual, the central bank made it clear that it would prioritize curbing inflation over improving the economy for the foreseeable future.