There is little that the Japanese government can do to engineer a fundamental shift in sentiment towards the yen, which is being driven by developments elsewhere. A change in rhetoric from the Bank of Japan might at least make the markets pause for thought, but the authorities will probably try to muddle through in the hope that external factors bring the currency down again.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services