The current state of consumption is attracting attention as interest rate hike decisions are made
2024-07-28 00:24:00
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 yen's temporary halt in depreciation is the growing market expectation of an interest rate hike by the Bank of Japan 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)
